There has hence been a rich discourse on tax policy and regulatory frameworks. Such deliberations have been and continue to be instrumental in developing a tax system that is in harmony and aligned with the country’s economic and social context. An effective tax system conforms to the principles of taxation, which include equity, neutrality, efficiency, predictability, simplicity and fairness. Secondly, a tax regime should also be guided by a national tax policy. Kenya has commenced initial considerations revolving around the development of a national tax policy.

Source: Standard Digital June 13, 2021 06:33 UTC