For years on end the Government of Kenya has grappled with the conundrum of roping the informal sector to tax with missed revenues sieving through the KRA’s efforts. KRA’s endeavors to address the tax challenges of taxing the informal sector have proved fruitless despite statistics reporting a growing sector.
With the reintroduction of the turnover tax in 2020, has the KRA found the right formula or is the same tune being sang? Through the Finance Act, 2019, the Government has reintroduced turnover tax this year after being repealed for one-year in a bid to net more tax revenues from the elusive informal sector.
09th May 2024
09th May 2024
13th Mar 2024