Business Daily | by Bonface Otieno
Kenya Airways is now exempted from paying the minimum tax set at one per cent of gross turnover, saving the cash-strapped airline hundreds of millions of shillings annually.
The tax shield was announced by National Treasury Secretary Ukur Yatani in a Kenya Gazette notice dated March 17, 2021.
The national carrier has been making losses over the years, which has seen it pay minimal corporate taxes. In the financial year ended December 2020, it even received a tax credit of Sh354 million…
