Home Business Banks contribute 24 percent of total corporate taxes

Banks contribute 24 percent of total corporate taxes

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Business Daily | by Patrick Alushula


Commercial banks’ contribution to total corporate taxes in Kenya stood at 24.1 percent last year, dropping from 29.7 percent in 2019.

The reduced contribution highlights the impact of reduced profitability and temporary lowering of the tax rate in the Covid-19 environment…

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