Kenya, China in double taxation deal to spur trade and investment


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Kenya plans to sign an agreement with China to end double taxation of income or gains arising from one country and paid to residents of the other. The deal, which will be subject to ratification by both the Chinese and Kenyan parliaments, is meant to create a conducive environment for investment and trade in goods and services between the two countries. National Treasury Cabinet Secretary Ukur Yatani has asked Kenyans for their views before Kenya signs the deal. RELATED China loan terms steepest among Kenya’s top lenders Business 5 hours ago China locks out Kenya from new debt relief deal...