Nearly three in four small traders in the Kenya Revenue Authority (KRA) register paid taxes in the financial year to June, outperforming large and medium-sized firms where only one in four companies remitted duty from their earnings.
Data obtained from the KRA suggests that micro and small enterprises in the turnover tax (ToT) register are becoming more compliant than large companies under corporate income tax (CIT), painting a striking contrast between the country’s informal and formal business segments.