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Stockbrokers seeking ways to implement Treasury's new tax

The stockbrokerage and investment banking fraternity plans to engage Treasury, the Kenya Revenue Authority and other stakeholders over the recently introduced 0.3 per cent withholding tax to be charged on all share transactions at the bourse.

The new levy on share trading was introduced by National Treasury Cabinet Secretary Henry Rotich while presenting the 2015/16 Budget in Parliament two weeks ago.

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