Miraa, exotic tree farmers get boost on deductible capital expense tax plan

National Treasury and Economic Planning Cabinet Secretary John Mbadi.

Photo credit: File | Nation Media Group

Miraa and exotic tree growers will be allowed to deduct capital expenses incurred during farming before taxation in proposed changes by the Treasury that would lower the tax burden on them.

This concept is known as a tax-deductible expense whereby any expenditure made is considered necessary and reasonable and helps a business to generate income.

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