What Presumptive Tax Means for Kenya’s Growing Economy
Presumptive tax is only payable by Kenyan businesses issued with single business permits by county governments. These enterprises should also have an annual turnover that is below Ksh 5 million. Since the turn of 2019, taxation for small enterprises has changed. The finance bill 2018/19 opted to replace the turnover tax (TOT) used since 2008 …
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