Finance Act 2023, Tax Alert; Turnover Tax.

Turnover Tax (ToT) is payable by residents on gross sales of a business. Effective 1st July 2023, amendments made to the following effect: Implication; Before the this amendment, ToT was charged on monthly gross sales in the band Ksh. 1 million-Ksh. 50 million. Following the amendment, the new band in Ksh. 1millio-Ksh. 25 million. The […]