Nairobi, April 16 : Trade Cabinet Secretary Lee Kinyanjui has revealed that the government is considering radical changes to Kenya’s tax regime to ease compliance and improve the operating environment for businesses.
The Cs, wants the National Treasury to do away with the annual practice of introducing new taxation measures through the Finance Bill, which, he says, would play a part in bringing about predictable taxation.
He cited concerns that firms have raised over the years that frequent changes in taxation are among the factors that make it difficult to do business in the country.
Kinyanjui revealed that the government is considering adopting a new tax policy that protects investors for a 3-year period, a departure from the current policies that shapeshift every year.
