ICPAK seeks review on Income Tax Bill to promote Investors

Chairman institute of certified public accountant of Kenya, Julius Mwatu [right].

Financial experts have cautioned over a Government plan to raise the corporate tax rate from 30 to 35 per cent, saying it might scare away investors and lead to job losses if enacted into law.

The Institute of Certified Public Accountants of Kenya (Icpak) said it supported review of the tax law, but called for stakeholder participation on tax proposals by the National Treasury contained in the Income Tax Bill, 2018.