Small traders will continue paying presumptive tax charged at the rate of 15 percent of annual business permit fee paid to the counties despite proposed re-introduction of a monthly turnover duty to arrest the 1.56 million tax cheats.
The Kenya Revenue Authority (KRA) said on Tuesday the move to retain the presumptive tax is aimed at providing the taxman with additional data on small traders with annual revenue of up to Sh5 million, the majority of whom have not been paying taxes.
