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Tripled property, shares sale taxes begin Sunday
Published on: Tuesday 27 December 2022
The government will from next week triple the capital gains tax resulting from gains through sale of land, houses and unquoted shares to 15 percent from the current five percent, hitting Kenya’s real estate investments and private equity deals.Parliament approved the increase before the August 9 General Election, and allowed the Kenya Revenue Authority (KRA) to start collecting the higher taxes from January 1.This will lead to reduced income by...
News source: https://www.msn.com/en-xl/money/topstories/tripled-property-shares-sale-taxes-begin-sunday/ar-AA15JtUw
