William Ruto's Govt to Tax Farmers 5% for Every KSh 100 Made from Sale of Their Farm Produce - News Summed Up

William Ruto's Govt to Tax Farmers 5% for Every KSh 100 Made from Sale of Their Farm Produce


Nairobi - President Willam Ruto's administration is set to introduce new taxes targeting all Kenyan farmers to raise more revenue. Why CS Ndung'u wants the agriculture sector taxedTreasury Cabinet Secretary Njuguna Ndung'u, in a medium-term revenue strategy, wants every farmer delivering their produce to the markets to pay KSh 5 for every KSh 100 obtained from sales. Read more about BUSINESS LEADERS AWARDS 2023According to CS Ndung'u, the agricultural sector is undertaxed, yet it's the highest employer compared to other sectors. However, the CS said the government will put in place proper mechanisms to raise maximum taxes from Kenyan farms. The CS said the Kenya Kwanza administration will intensify taxpayer education to ensure taxpayers understand their role in nation-building and the need to pay taxes.


Source: Daily Nation January 07, 2024 11:10 UTC



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