AU asks Kenya to extend tax breaks to local companies

Every year Kenya doles out billions of shillings. FILE PHOTO | NMG

Kenya has been tipped to fairly share its multibillion-shilling tax incentives among local and foreign companies to fast track industrialisation and boost job creation.

Ms Ron Osman Omar, acting head of industry division at the African Union said Friday a skewed tax regime that bears down inefficiently on local firms “is a significant constraint on enterprise and investment.”

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.