Customers being served at the KCB branch in Nairobi, Kenya. PHOTO | FILE
By BRIAN NGUGI
In Summary
The Uganda Revenue Authority (URA) has reinstated KCB Uganda
to its portal, which allows banks to facilitate the payment of State
revenue by the public.
This follows the resolution of a dispute linked to a court case involving customers of the bank.
KCB was blacklisted from the URA's tax banking service with
effect from the December 21 after the lender ran afoul of the country’s
taxman’s regulations.
“Notice is hereby given to the general tax paying public that
Uganda Revenue Authority has reinstated Kenya Commercial Bank (KCB) back
to the URA portal. We therefore assure our valued clients that Kenya
Commercial Bank (KCB) has been reinstated on the URA portal and all
issues have been resolved,” URA said in a notice Wednesday posted on its
website.
Third parties
KCB Group, the parent company, also followed up with a brief statement from Nairobi saying the ban had been lifted.
“URA tax collection services at KCB Bank Uganda were restored on
December 23. Customers can now access the services at any of the KCB
Bank Uganda Branches.
We apologise to the customers for the inconveniences caused and
assure them of our continued commitment to serve them better. We
apologise for any inconveniences caused,” KCB Group said.
KCB Group had earlier said a court case involving URA and third parties had resulted in the ban.
Ease tax payments
“KCB Bank Uganda was identified as a garnishee in a court case
involving URA and third parties. The Bank acted as garnishee in
compliance with an order issued by the court in Kampala,” KCB Group’s
head of corporate and regulatory affairs Judith Sidi Odhiambo had
earlier said.
A garnishee is a third party who is served notice by a court to surrender money in settlement of a debt or claim.
Besides Kenya, KCB Group has operations in Uganda, Rwanda, Burundi, Tanzania and South Sudan.
URA partners with several banks to ease the tax payments.
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