State dumps turnover tax plan for small businesses

Citizens outside Parliament Buildings on June 14, 2018 when Treasury secretary Henry Rotich presented the Budget. PHOTO | DENNIS ONSONGO

Informal traders licensed by county governments will next year start paying a presumptive tax of 15 per cent based on their single business permit fee.

This comes after the government proposed to do away with the turnover tax owing to non-compliance by the largely informal sector that has proved hard to police.

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