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.
Massive tax breaks granted to various parties under the law, including foreign and local investors, the military, and the Kenya Police, force the taxman to forfeit billions of shillings in import duties and other taxes every year, official data shows.
The National Treasury in the past estimated that the Kenya Revenue Authority (KRA) loses about Sh369.6 billion every year to cumulative tax exemptions and incentives.
The country's tax laws provide for various tax breaks. These include; tax exemptions, tax deductions, allowances, tax deferral and concessional tax rates or timing rules, such as accelerated depreciation of capital assets.
join