Loss-making companies to pay as State renews push for minimum tax

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Treasury Cabinet secretary, Njuguna Ndung'u on August 9, 2023. PHOTO | BILLY OGADA | NMG

The William Ruto administration has set sights on a share of revenue from loss-making companies after signalling a revival of minimum tax that was declared unconstitutional under the predecessor regime of Uhuru Kenyatta.

The courts shot down a previous plan to ensure each company pays at least a percentage of gross revenue to the Kenya Revenue Authority Revenue on the grounds that the move was based on a wrong assumption that all loss-making firms were evading taxes.

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