HENRY ROTICH

The Star (Kenya) - - News -

In­sur­ance firms want tax waiver

In­sur­ance firms and bro­kers have ap­pealed to the na­tional Trea­sury to waive ac­crued ex­cise tax ar­rears es­ti­mated at Sh3.5 bil­lion, ar­gu­ing the amount will crip­ple their op­er­a­tions. The out­stand­ing tax was ac­crued be­tween June 2013 and Novem­ber last year, when they were re­quired to deduct and re­mit ex­cise duty on com­mis­sions. See Page 15

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