INTEREST ON PROJECT FINANCE LOANS FROM FOREIGN LENDERS NOW EXEMPT FROM TAX

Friday, May 01, 2015

Interest on loans from foreign lenders financing projects in certain sectors in Kenya are now exempt from withholding tax. The Cabinet Secretary for the National Treasury on 22 May 2015 published a legal notice (Legal Notice No. 91 of Kenya Gazette Supplement No. 67) exempting interest on loans provided by foreign sources for investing in energy, water, roads, ports, railways or aerodromes projects, from tax.

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