LETTERS: Why State should rethink the turnover tax

Turnover tax will increase the cost of doing business. FILE PHOTO | NMG

In January this year, the Government reintroduced the three percent turnover tax targeting close to 2.5 targeted million businesses in the informal sector.

Turnover tax was first introduced in the Kenyan taxation framework in 2007 with a view to tap revenue from the slippery and volatile informal sector. However, its implementation soon faced a number of challenges which eroded its efficacy.

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