China, Kenya sign tax treaty

China and Kenya signed a new tax treaty on September 21, China’s official press agency, Xinhua, has reported.

The tax treaty was negotiated and concluded during a November 2016 meeting held in Beijing, Xinhua said.

Chinese Ambassador to Kenya Liu Xianfa said the agreement will  enhance cross-border investment and strengthen existing cooperation between the tax administrations of both nations through capacity building and exchange programs.

“I believe more Chinese will invest in Kenya and in the process create more employment opportunities and skill transfer to locals,” Liu said.