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Stockbrokers back in court over contentious capital gains tax

Kenya: Stockbrokers have again moved to the High Court seeking to bar Kenya Revenue Authority (KRA) from demanding capital gains tax (CGT) for some time.

Stockbrokers made an urgent application, saying the time given by the court to have the taxman stay away from their operations before the appeal had already lapsed. They said there is a likelihood of KRA demanding the contested levies.

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