Kenya Revenue Authority officers assist staff of Lang’ata Women’s Prison file their annual tax returns (PHOTO: FILE)An audit firm wants the State to restructure the taxation regime amid an economic slowdown and reduction in revenues. “Management of the pandemic to reduce infection rates is key for the economy to rebound,” the firm said. The firm wants tax incentives that were initially extended to Kenyans reinstated. "Unfortunately, the reversal of the tax incentives given to taxpayers to cushion them against Covid-19 left taxpayers at a worse position." In addition, the firm said, some of the new tax measures introduced by the government such as minimum tax have exacerbated an already bad situation, making it more challenging for businesses to survive.

Source: Standard Digital May 02, 2021 06:25 UTC