KRA prepares 16pc VAT shocker on small traders

KRA

KRA headquarters at Times Tower, Nairobi.

Photo credit: File | Nation Media Group

The taxman is seeking to make it mandatory for all businesses to register as Value Added Tax (VAT) agents, adding a fresh reporting obligation to small traders and triggering a rise in price of a range of goods and services.

The Kenya Revenue Authority wants the threshold for VAT registration cut to zero from the current Sh5 million.

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