Relief as State exempts KQ from paying new tax

Aircrafts owned by Kenya Airways parked at the airport. [File, Standard]

Kenya Airways has been handed some reprieve with the government exempting it from paying income tax.

In a gazette notice, National Treasury Cabinet Secretary Ukur Yatani said the company will be exempted from paying the recently introduced minimum tax, which compels loss-making firms to pay tax on revenues as opposed to the trade taxation on profit.