Money Markets
Tatu City eyes Sh20bn tax refund on infrastructure
Parliamentary Committee on Public Works, Roads and Housing chairman David Were with Renaissance Group deputy CEO Hans Jocham Horn during a visit to Tatu City project site on Tuesday. DIANA NGILA
By DAVID HERBLING
Posted Wednesday, June 20 2012 at 18:37
Posted Wednesday, June 20 2012 at 18:37
“There is a lacuna in the proposal. The Treasury should develop guidelines on qualifications to access the facility,” said Mr John Thindi, a tax director at PKF in an interview with the Business Daily.
“I don’t think developments in urban areas are eligible as they fall within serviced zones of local authorities,” he added saying that the proposal will complement the current incentive of five per cent tax reduction given to low cost housing developments.
hdavid@ke.nationmedia.com
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