Parliament on Thursday approved the 2019 Union Tax Law, under which the tax rate for unassessed income is now as low as 3 percent. Under the new law, tax rates will be as low as 3pc for unassessed income up to K100 million, 5pc for between K100 million and K300 million, 10pc for income between K300 million and K3 billion and 30pc for income above K3 billion.


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