Please enable JavaScript to view advertisements.
×
App Icon
The Standard e-Paper
Join Thousands Daily
★★★★ - on Play Store
Download App

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).

Premium Article

Get Full Access for Ksh299/Week.

Bold Reporting Takes Time, Courage and Investment. Stand With Us.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
Support Independent Journalism

Stand With Bold Journalism.
Stand With The Standard.

Journalism can't be free because the truth demands investment. At The Standard, we invest time, courage and skills to bring you accurate, factual and impactful stories. Subscribe today and stand with us in the pursuit of credible journalism.

Pay via
M - PESA
VISA
Airtel Money
Secure Payment Kenya's most trusted newsroom since 1902

Follow The Standard on Google News