Free mobile money transfers cut banks excise duty by half



Business Daily | by Otiato Guguyu


The Central Bank of Kenya’s order on free money transfer between bank accounts and mobile wallets cut excise duty paid by lenders by 42.2 per cent in 2020.

A study done by PricewaterhouseCoopers (PwC) on behalf of the Kenya Bankers Association (KBA) on total tax contribution of Kenya’s banking sector showed…

Read more…

 


LEAVE A REPLY

Please enter your comment!
Please enter your name here