Which business organization enjoys tax-free point in est Africa?
Answer Details
In East Africa, cooperative societies enjoy tax-free points. A cooperative society is a business organization that is owned and operated by a group of individuals for their mutual benefit. These societies are formed to provide goods and services to their members at affordable prices. The East African governments recognize the importance of these organizations in promoting economic growth and development, and therefore, they offer tax exemptions to encourage their establishment and operation. This tax exemption policy is aimed at promoting investment, job creation, and economic growth. Therefore, cooperative societies in East Africa enjoy tax-free points.