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Capital Market Authority proposes tax amnesty for Small and Medium Enterprises

Graphical illustration [Photo: Courtesy]

The Capital Markets Authority (CMA) is proposing a tax amnesty on SMEs that list in the Growth and Enterprise Market Segment (GEMS).

Many small businesses are apparently afraid that if they get listed and open up their books to the public, the Kenya Revenue Authority (KRA) will hunt them down for previous non-disclosure and slap them with hefty penalties.

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