Workers at a flower local flower farm on June 9, 2020. A KRA investigation revealed that flower grower Van Den Berg’s Kenyan operations had been declaring lower-than-expected revenues.

| Cheboite Kigen | Nation Media Group

The slick number games firms are using to avoid tax

What you need to know:

  • KRA found that the Dutch-owned flower grower had been using clever accounting to declare lower revenues to attract lower taxes.
  • It was selling roses to its Dutch parent firm at prices significantly lower than the market rates.
  • As the two firms are related, it is expected that they have lower prices in mutual dealings.

In 2016, the taxman put flower grower Van Den Berg through an audit and discovered it had been selling a good chunk of farm produce to its Dutch parent company at extremely low prices.

Welcome!

You're all set to enjoy unlimited Prime content.