Business Daily | by Patrick Alushula
Safaricom saved Sh5.67 billion (R805 million) from the lower corporate tax rate offered by the State in April to support businesses in the disruptive Covid-19 environment.
Vodacom Group, which has a 35 percent stake in Safaricom, discloses that the reduction of Kenya’s corporate tax from 30 percent to 25 percent helped to prop up operating income in half year period ended September.
Kenya in April lowered the corporate tax for resident companies to support business weather Covid-19 disruptions that have hurt revenue triggering layoffs and salary cuts…
