Finance Act to Enhance NSE Investments

The Capital Markets Authority highlighted some points about the recently passed Finance Act that enhance the investment climate in Kenya. These include;
  • Removal of capital gains tax (CGT) on the transfer of securities traded on any licensed securities exchange.
  • Allowing a company introducing shares through listing to pay 25% corporate tax for 5 years.
  • No stamp duty on the transfer of property to a Real Estate Investment Trust (REIT) till after year 2022.
  • Asset-Backed Securities (ABS) are exempted from paying stamp duty on securitization transactions.

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