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Off-grid power firms set for 50pc investment tax relief
Telecom operators will pay customers up to Sh30 per day for dropped calls if Parliament adopts a revived Bill that imposes a penalty for voice service outages. PHOTO | POOL
Off-grid power firms are set to enjoy a 50 percent tax relief on their initial investment on buildings and machinery used for generation, transformation and distribution of electricity if Parliament approves proposed changes to the law.
The Finance Bill 2021 proposes to amend the Income Tax Act to include generation, transformation and distribution of electricity—both on the national grid and off-grid to encourage investment. Currently this is limited to generation, transformation and distribution of electricity to the national grid.
