Kenya Abolishes Tax On Software Imports In A Bid To Reduce Piracy

Posted on Jun 18 2012 - 11:16am by Editorial Staff

Human IPO reports that Kenyan Government in its proposed 2012/2013 budget has revealed that the country will not take tax on genuine software imports in a bid to reduce software piracy. The announcement was made by the country’s finance minister who had read the proposed 2012/13 budget speech in parliament last week.

“In order to restore dignity in the industry and attract foreign investments, I propose to remove duty on all imported software to make it cheaper to our people and further attract foreign investors in this industry,” said Kenya’s Finance Minister Njeru Githae.

The pirated software in Eastern and Southern Africa, excluding that of South Africa, stands at $108 million in 2011, which results in creating mess for tech companies like Microsoft and others ending with huge losses, even after putting in lot of money on R&D.

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