AN inter parties hearing on a case filed by insurers over the 10 per cent excise tax rule on financial transactions in slated for Thursday. Yesterday Association of Kenya Insurers executive director Tom Gichuhi said: "We did go to court and we got an injunction." Insurance companies want clarification on how exactly the tax order is to be implemented as most are not sure whether it affects premiums. Industry regulator Insurance Regulatory Authority has not given any direction to the industry on how that law is to be implemented. The IRA is yet to respond to the matter. AKI has however...
↧