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Kenya eyes more money from micro enterprises
The government has set its sights on higher tax collections from micro-enterprises with a new proposal to lower the turnover tax limit to Sh500,000. FILE PHOTO | POOL
The government has set its sights on higher tax collections from micro-enterprises with a new proposal to lower the turnover tax limit to Sh500,000 in fresh efforts to rope in more small traders.
The threshold has been slashed from Sh1 million while the upper limit has been reduced from Sh50 million to Sh15 million, pushing other small traders to pay the 30 percent taxes on profits or corporate tax.
