Minimum Tax Explained
KRA has introduced a minimum tax regime, effective 01.01.2021 with minimum tax payable at 1% of gross turnover (Sales) regardless of whether or not they make any profits.The minimum tax will not be applicable to exempt income, employment income, residential rental income, capital gains, and persons undertaking mining or upstream oil and gas activities and […]
Minimum Tax Explained Read More »
KRA has introduced a minimum tax regime, effective 01.01.2021 with minimum tax payable at 1% of gross turnover (Sales) regardless of whether or not they make any profits.The minimum tax will not be applicable to exempt income, employment income, residential rental income, capital gains, and persons undertaking mining or upstream oil and gas activities and