The Kenya Power and Lighting Company ( KPLC) has recorded a loss after tax of Kes.0.94 billion compared to a profit of Kes 0.26 billion in 2019. This was despite a tax credit of Kes 6.1 billion issued by the government.
The tax credit was largely due to a decrease in resident corporate income tax rate from 30% to 25% as one of the Government’s measures to cushion businesses from the negative impact of the COVID-19 pandemic.
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