Investors save Sh30bn in taxes from infrastructure bonds

All the IFBs issued or reopened since the beginning of 2023 now have outstanding amounts of at least Sh100 billion each. 

Photo credit: Shutterstock

Investors are saving Sh30.7 billion in taxes every year on interest earnings from infrastructure bonds (IFBs) following the recent surge in subscriptions to the tax free securities.

The IFBs now account for 41 percent of the government’s total stock of Treasury bonds from 30 percent at the end of 2022.

PAYE Tax Calculator

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