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SEZ companies get Sh1.9bn tax incentives in nine years
Kenya Revenue Authority officials, David Ontweka (left) and Esther Wahome before the National Assembly Finance and Planning Committee led by Kimani Kuria at Bunge Towers Nairobi on May 07, 2024.
Photo credit: Photo | Dennis Onsongo | Nation Media Group
Firms operating in Kenya’s special economic zones (SEZ) were exempted from paying Sh1.98 billion in taxes and other levies in the nine years to 2023, Parliament was told.
The incentives include protection from corporation tax, withholding taxes, and value-added tax (VAT) and are offered to developers and enterprises in SEZs to encourage local investment.
