Tax free stuff

T

The.Black.Templar

Elder Lister
Staff member
So apparently british products will get a 25 year tax free entry into kenya...we are soo rich that we are giving first world countries a tax break now?, even uhuru and his family are also giving themselves tax exemptions...

www.businessdailyafrica.com

British products get 25-year tax free entry in Kenya pact

Kenya’s trade pact with UK will allow British firms to ship in goods duty-free for 25 years.
www.businessdailyafrica.com www.businessdailyafrica.com

Na tukipewa eurobond will we be given a break? Were we given a break in eurobond one?

So basically british companies will bring in goods to conduct business here in Kenya tax free and we will obviously pay for them as if they are actually paying the tax, yaani the benefit of this will not be felt by kenyan...and what does it say about local competition? Nada tutalipa hizo taxes hadi tulie.

Anyway looking at the brightside @emali mtu nguyaz, si unisaidie i register a company huko
 
Summary (stolen from Business daily)

  • The trade deal, which is awaiting approval from lawmakers of both countries, will eventually see duty on 82.6 percent of products originating from the UK abolished after 25 years.
  • The document shows the 10 percent duty on intermediate goods will start reducing after seven years from the time the trade pact is ratified, resulting in its abolishment eight years later.
  • Kenya will, on the other hand, start phasing down the duty on finished products (currently billed from 25 percent) after 12 years, leading to its elimination 13 years later.
 
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