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Treasury defends tax exemptions for big investors
National Treasury Principal Secretary Dr Chris Kiptoo when he appeared before the Public debt and privatisation committee at Parliament Buildings on March 6, 2023.
The National Treasury has defended a pact that allows investors willing to set up companies worth more than Sh10 billion to claim tax rebates.
The Treasury Principal Secretary Chris Kiptoo told Parliament that the Finance Act, 2018 enabled the government to grant investors tax exemptions under the Special Operating Framework Agreement (SOFA).
