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Nairobi Securities Exchange wins big as Treasury drops Capital Gains Tax

NAIROBI: The Government has scrapped five per cent Capital Gains Tax and introduced a 0.3 per cent withholding tax in a bid to increase competitiveness in the stocks market.

The announcement made by Treasury Cabinet Secretary Henry Rotich during the 2015-2016 budget reading effectively slashes levies to be remitted to the Kenya Revenue Authority (KRA).

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