KRA exempts Fusion investors from paying tax
By Lee Mwiti | July 7th 2016
Investors who buy the recently launched Fusion Capital D-REIT will not pay tax on their earnings. According to a letter Kenya Revenue Authority wrote to Fusion Capital, Fusion Capital D-REIT had been evaluated and given a tax exemption certificate.
Fusion Capital Group CEO, said: “Evidently, the exemption showcases the Government’s willingness to champion the REIT model in this market, without a doubt the exemption will drive many investors to buy into the REIT.”
The tax exemption order by the tax man is the second in the market after the Stanlib I-REIT and is in line with the Government’s policy of deepening the capital markets, and enabling financial inclusion for a wider segment of the population.
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