It has been reported that Stockbrokers have renewed the legal battle against the capital gains tax (CGT) by filing an application claiming that the High Court relied on a repealed provision of the Finance Act to throw out their case.
The Kenya Association of Stockbrokers and Investment Bankers (Kasib) is seeking a review of Justice Mumbi Ngugi’s judgment that last month struck out their petition against the CGT.
This information will be updated as soon as further details become available