Expanding tax base through small firms, formalising ‘jua kali’

Micro, Small and Medium Enterprises popularly known as MSMEs are engines of growth, vital to most economies.

Micro enterprises have less than 10 employees, small enterprises have 10-49 employees while medium-sized enterprises have 50-49 employees with annual turnovers estimated at less than 10 million, 50 million and less than 100 million respectively.