People Daily | by Lewis Njoka
Accountants and the business community want the government to reconsider the decision to introduce minimum tax, saying it is punitive and will discourage investment in the country.
Beginning January 1, all businesses earning above Sh50 million annual gross income will be required to remit one per cent of the income to Kenya Revenue Authority (KRA) as minimum tax.
The tax was introduced in a bid to widen the tax bracket and help raise more revenues for the government…
