I see the issue of the re-introduction of the Capital Gains Tax is gathering momentum.
Read: http://www.businessdaily.../-/hk597qz/-/index.html

According to this report http://www.globalpropert...ganda/capital-gains-tax
by the Global Property guide, South Africa charges a CGT OF 40%, while Uganda is at 30% . Nigeria and Ghana charge a CGT of 10%. I think its about time the government sought to widen its tax base and with the gains made at the bourse this year why not pay 2% tax or 0.2% stamp duty. I also think an assertion that CGT will ruin the bull run is flawed.

I had this to say about Capital Gains Tax in my blog : http://themarkettrends.w...x-in-kenya-my-two-cents/

The big question re: Capital Gains Tax ... What will be used as the BASIS.

Suppose the Tax is in effect as of 1 Jan 2014. The price of Britam was 12/- and is 18/- today. It was bought at 9/- in 2011.
Will the tax be assessed on Shs 6? [18-12]?
Will it be assessed in Shs 8? [18-9]?
What if one has borrowed money [at 20%] to buy shares therefore the interest cost since 2011 is almost Shs 6 [20% annually x 3 years compounded]?

I fear as is usual with KRA, there will be so many ambiguities that the officers will be out to look for blood [corruption]. There has been no piece of Tax Legislation in Kenya that has been clearly written. The KRA does NOT want clarity since it allows them to impose their own version.

That is solely the bourse,s mandate....

I thought Rotich made it very clear last year that CGT would not apply to the NSE?!

Might as well declare the NIFC, Kenya Vision 2030 D.O.A i.e Zambia Finance bank looks at listing on Nairobi stock exchange by End of Year http://www.coastweek.com...urg-stock-exchanges.htm

On the flip, the (Zim) ZSE lowered transaction fees recently, 2. has been running mock runs for CSD (CDS) in preparation for automation, 3. proceeded with demutualization too, 4. minimum capital for asset managers has been lowered to USD250K from USD500K.

We can vote.