Why Kenya is set to end tax holidays for EPZs

Clothes on display at the Export Processing Zone mega sale at Thika Road Mall Nairobi last year. The sector is key to the economy. [Pius Cheruiyot, Standard]

Firms operating in the export processing zones will from July start paying tax after the latest income tax Bill scrapped tax holidays.

The changes contained in the Income Tax Bill, 2018, will apply to the newly created special economic zones (SEZs), with firms paying a graduated corporate income tax (CIT) of 10 per cent in the first 10 years.