NSE adjusts profit after taxman’s penalties waiver

Nairobi Securities Exchange (NSE) #ticker:NSE has revised its profits upwards by Sh5 million following the approval of a tax waiver by the Treasury.

Treasury cabinet secretary Henry Rotich in January approved a tax waiver of 32.5 per cent of the outstanding penalties and interest owed on corporate tax, withholding tax, PAYE and VAT for the years 2008 to 2011.