Six ways to minimise your tax burden legally

(Courtesy)

Ogden Nash, the late American poet said in his One From One Leaves Two poem: “The more you pay, the more they need. The more you earn, the less you keep. And now I lay me down to sleep. I pray the Lord my soul to take, if the tax collector hasn’t got it before I wake.”

However, there are legal methods of minimising your taxable income and eventually your tax liability without getting into the bad books of the taxman (Kenya Revenue Authority). Call it tax planning or simply making use of all beneficial provisions in the law to your benefit. Here’s how.