For small businesses. See the turnover tax on your sales, and check if turnover tax applies to you.
Estimate only. Turnover tax is 1.5% of gross sales, under the Finance Act 2023. Rates checked on .
Turnover tax is a simple tax for small businesses. It is 1.5% of gross sales, with no deduction for expenses. It applies to resident persons whose business turnover is more than KES 1 million and not more than KES 25 million in a year.
You file the return and pay by the 20th of the next month. Some businesses cannot use turnover tax, for example companies registered for VAT, and some professional services. If your turnover is above KES 25 million, you pay income tax instead.
Not sure if turnover tax is right for your business? Book a free consultation.
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