Tax collection shift postpones Kenya’s CGT implementation

Kenya’s Treasury and Revenue Authority have decided to put the onus on paying the re-introduced 5% capital gains tax on investors rather than stockbrokers as originally planned.  As a result, the implementation of the tax has been delayed until the requisite amendment to the Tax Act can be made,  The amendment can only be made in the next financial year, which begins in July 2015. Until then, the tax will not be levied.

Read more at AllAfrica…

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