Align tax policy with the goal of Bill raising local content in tenders
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Recent reports in the media indicate that an amendment Bill seeking to raise the threshold of tenders that local firms can exclusively access from Sh500 million to Sh20 billion has been tabled in Parliament.
The Public Procurement and Asset Disposal (Amendment) Bill (PPADB) 2022 seeks to promote local content by offering more opportunities for Kenyan entrepreneurs to market their products, especially in government infrastructural projects.
While the aforementioned endeavour is commendable, its implementation would require a national tax policy (NTP) that mirrors the intention of the Bill.
The Treasury this month called on stakeholders..............read more