KAM, stores sue State over 1pc minimum tax on firms

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Business Daily | by Sam Kiplagat


Retailers and manufacturers have sued the State over collection of one percent tax on gross turnover of companies arguing that this has created implementation uncertainties and risks closure of loss-making entities.

Three lobby groups – Kenya Association of Manufacturers (KAM), Retail Trade Association of Kenya (Retrak) and Kenya Flower Council – argue that most companies are reeling from Covid-19 effects and the new tax might lead to closure of more companies, which are making losses.

The payment, called minimum tax, was introduced through the Finance Act of 2020 and…

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