KBZ is the largest lender in the local market, and has paid income taxes up to K28 billion in the Fiscal Year 2017 making itself the biggest tax payer in the country for six years running, according to Internal Revenue Department under the Ministry of Planning and Finance. Internal Revenue Department announced lists of the […]
Tax Exemption on Interest Income Questioned
February 28, 2017 by
The Ministry of Planning and Finance has issued a statement on February 19 that income tax will not be levied on interest from bank savings and deposits. The statement means that tax on interest from bank deposits will be exempted in the coming 2017-18 fiscal year. However, interest from bank deposits is not the […]
