Minimum tax to go as Sh8bn levies kick in

Treasury building in Nairobi on June 11, 2020. PHOTO | SILA KIPLAGAT | NMG

The National Treasury will introduce new tax measures to replace the Sh21 billion it earns in annual minimum taxes if the government loses an appeal against a court ruling that stalled its implementation last year.

Kenyan authorities have promised the International Monetary Fund (IMF) to resolve the court case by end of this month and supplement the tax with new measures if they lose the appeal.

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Note: The results are not exact but very close to the actual.