Big tax relief for investors outside Nairobi, Mombasa
Firms investing at least Sh250 million outside Nairobi and Mombasa yearly will, from today, pay less tax in government efforts to spur economic activities outside the two cities.
Firms investing at least Sh250 million outside Nairobi and Mombasa yearly will, from today, pay less tax in government efforts to spur economic activities outside the two cities.
This follows an increase of the investment deduction rate to 150 per cent when calculating corporate income taxes, allowing firms to recover the worth of their spending on buildings and machinery from taxes.
