Startups marked for tax relief to spur innovation

sakaja

Nairobi Senator Johnson Sakaja addressing the press outside Parliament buildings on April 8, 2020. PHOTO | SILA KIPLAGAT | NMG

Kenyan startups admitted to incubation hubs will pay less tax, if Parliament adopts proposals in a Bill which seeks to promote innovation among enterprises.

The Startup Bill, 2020 recommends a range of incentives including fiscal and non-fiscal support as well as protection of intellectual property rights.

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