Startups marked for tax relief to spur innovation

What founders should know

Business Daily reported in October 2020 that Kenyan startups admitted to incubation hubs could pay less tax if Parliament adopted proposals in the Startup Bill, 2020. The story describes an effort to promote innovation through support for enterprises, rather than an already-enacted tax benefit.

The publicly available introduction identifies fiscal and non-fiscal incentives and protection of intellectual property rights among the proposals. This is historical coverage of the 2020 bill, not guidance on today's tax entitlements. Business Daily requires a subscription to read the complete article.