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East Africa Breweries set for Sh1.1bn tax refund
East African Breweries Limited Chief Financial Officer, Risper Ohaga during the brewer's half-year results on January 27, 2023. PHOTO | DIANA NGILA | NMG
East Africa Breweries Plc (EABL) is set to receive Sh1.1 billion on the reversal of overpaid income taxes incurred in 2020.
The alcoholic beverages manufacturer says the refund is part of the Sh4 billion excess tax that was paid in advance of what turned out to be a lower-than-projected pre-tax profit in the period.
