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Tax incentives that have contributed to growth of financial markets in Kenya
- Capital gains are exempted from taxation
- Withholding tax on dividends of 5% is final.
- Flotation cost of securities is an allowable expense.
- Companies which issue a given percentage of shares to the public through the stock markets are taxed at a lower rate.
- The interest on government infrastructure bond is exempt from tax
- Venture capital companies enjoy a 10 year tax holiday
- Income from collective investments schemes is not taxable
- Stock taking services are zero rated. This enables firms to improve on accountability to the shareholders by maintaining up to date records
Wilfykil answered the question on February 25, 2019 at 11:45
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The following information was provided by Chamka Ltd. for the year ended 31 December 2011.
Date posted: February 25, 2019. Answers (1)
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The following information was extracted from the financial statements for the year ended 31...(Solved)
Savana Holdings Ltd. is a foreign controlled company operating in your country.
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Required:
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ii) Compute the company's interest tax shield.
Date posted: February 25, 2019. Answers (1)
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Required:
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Having read in the press about the benefits accruing to Kenya businessmen as a result of regional initiatives such as the East African Community and COMESA, Mr. Jitendra Kumar, a prominent foreign businessman has contacted you seeking your advice on how he could reduce his liability to tax arising from expansion of his business operations into Kenya
Required:
A report addressing in clear and concise details, the following matters raised by Mr. Jitendra Kumar.
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Date posted: February 25, 2019. Answers (1)
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Date posted: February 25, 2019. Answers (1)
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Date posted: February 25, 2019. Answers (1)
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Daniel Otwori, a resident of Kenya earned income from the countries listed below during the year ended 31 December 2006. Income from Kenya: ksh 1,765,000
Income from United Kingdom (UK) UK £4,800 net Tax deducted amounted to UK £960. The average exchange rate during the year was 1 UK £ = 140 KSH, .A double taxation agreement exists between Kenya and United Kingdom.
Required:
The double taxation relief (in Kenya shillings) due to Daniel Otwori for the year ended 31 December 2006.
Date posted: February 25, 2019. Answers (1)
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Required:
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Required:
The double taxation relief due to Hodari Nkan for the year ended 31 December 2010
Date posted: February 25, 2019. Answers (1)
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Required:
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Date posted: February 25, 2019. Answers (1)
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Date posted: February 25, 2019. Answers (1)
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Date posted: February 25, 2019. Answers (1)
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Date posted: February 25, 2019. Answers (1)