(Photo: File/Standard)The taxman and the Treasury have created a framework to instil consistency in the country’s tax policy. Businesses have been hurting from a volatile tax policy environment in which taxes are raised and reduced unpredictably. He said with such a policy framework in place, sectors given certain incentives will enjoy them until the defined period elapses. One of the companies that have been affected by the frivolous tax policy is East African Breweries Ltd to who tax is a major cost component. Tax policy predictability has been driven by lobbyists, but now the Government has created a structure for driving tax policy, said Njiraini.

Source: Standard Digital October 20, 2016 16:52 UTC