Does your business record gross sales exceeding one million shillings and not exceeding 50 million yearly? If so, you are obligated to pay turnover tax at the rate of 1 percent. As Caroline Njenga tells us on this week’s episode of Tax 101, the government reduced the rate of turnover tax from the initial 3% to 1% to cushion taxpayers from the adverse effects of the Covid-19 pandemic.
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