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The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
It takes a company an average of 202 hours to comply with taxes in Kenya, against an African average of 313 hours, making the country one of the few on the continent with an above-average tax regime, a new report has found.
Paying Taxes 2016 — compiled jointly by audit firm PricewaterhouseCoopers (PWC) and the World Bank — added that a Kenyan company surrenders 37.1 per cent of its commercial profits to the taxman.
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