Resolved1 update
Re-introduction of Turnover Tax – punitive or justified?
Story-level discussion
Start here
[ad_1] The National Treasury, via the Finance Act 2019, re-introduced a tax mechanism targeted at Small and Micro Enterprises (SMEs) known as Turnover Tax (TOT). First introduced in 2007, and subsequently repealed, TOT requires SMEs with an annual turnover of less than Sh5 million to account for tax at 3 per cent of th
What happened
[ad_1] The National Treasury, via the Finance Act 2019, re-introduced a tax mechanism targeted at Small and Micro Enterprises (SMEs) known as Turnover Tax (TOT). First introduced in 2007, and subsequently repealed, TOT requires SMEs with an annual turnover of less than Sh5 million to account for tax at 3 per cent of th
No updates yet on this story. Use the composer above to add the first node.