Business Daily | by Gerald Andae
Small-scale tea producers will lose more than Sh754 million annually after a new tax took effect on January 1, Kenya Tea Development Agency (KTDA) has warned urging for a review of the tariff.
Companies will be required to remit one percent of their gross turnover every month to the taxman whether or not they have posted a profit after the enactment of Finance Act of 2020.
Further, they will remit the minimum tax if it is higher than installment tax…
