Banking fees to rise
12 July 2013, 12:10
Nairobi - Banking transactions are set to rise to factor in the new taxes as financial institutions pass the cost on to clients, Daily Nation reports
The Kenya Bankers Association, issued a notice on Thursday saying its members would start collecting the 10 per cent excise duty on financial services on behalf of the government.
The tax was introduced through Finance Act 2012, with slight amendments- for clarity- contained in the Finance Bill 2013.
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