City tycoon SK Mbuga can finally hit the road in his new Ferrari car. This after he cleared with the local tax regulating body, URA.
SK Mbuga’s posh ride had been withheld by URA after he was implicated in a fraud scandal. Mbuga had been accused of fraudulently declaring the model of his Ferrari to evade taxes.
“Mr. Mbuga Sulaiman imported a Ferrari car model 2011 and declared it as a 2012 model to avoid paying 35% environmental levy. The declaration of the Ferrari car white in color was made on the basis of a 2012 model quoting a lower value of a UK made vehicle yet it is an Italian made vehicle. This would lead to under collection of government revenue.” They revealed.
He was consequently summoned by URA on Monday this week as they carried out further investigations into the matter. It now appears Mbuga has finally managed to clear issues concerning his new car as it has been spotted in his parking yard.
Meanwhile, Mbuga is said to have imported the posh ride for his wedding slated for 26th November this year.
Staff Writer