Capital gains tax is complex and calls for careful administration

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Times Tower in Nairobi, the headquarters of Kenya Revenue Authority. FILE PHOTO | DENNIS ONSONGO | NMG

The government, through the Finance Act 2022, amended the capital gains tax as provided for in the Income Tax Act from five to 15 percent.

This is good for the government, which seeks to seize any opportunity to enhance the revenue basket.

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