Sterling and Wilson Renewable Energy Settles Kenya Tax Dispute for ₹2.66 Crore

Sterling and Wilson Renewable Energy Ltd has reached a full and final settlement with the Kenya Revenue Authority (KRA) regarding tax assessments for calendar years 2020 to 2023. The original demand of approximately INR 26.50 Crore, including interest and penalties, has been reduced to INR 2.66 Crore, representing only the principal amount. This settlement absolves the company from paying interest and penalties, provided the principal is paid by December 25, 2026, and other compliances are met. The reduction is attributed to a lower attribution of profits to the Kenya branch. The company will proceed with the payment as per the settlement terms.