CAPITAL GAINS TAX TO BE REINTRODUCED – POTENTIAL CONSEQUENCES FOR IP TRANSACTIONS

Friday, November 07, 2014
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Capital gains tax is set to be reintroduced in Kenya as from January 1 2015 after being suspended for close to 30 years, in 1985. While the Finance Act 2014, which reintroduced capital gains tax, provides a relatively benign rate of 5% as the tax on the gain made on transfer of property.