0 votes
in KRA by
recategorized by
Somebody explain to me, are you still required to pay KRA minimum tax even after you have made a loss

1 Answer

0 votes
by (117k points)
Unfortunately yes, according to minimum tax introduced in the Finance Act of 2020, you are required to pay minimum tax of 1% of the gross turnover whether you’ve made a loss or not.

For those paying digital service tax, you are not required to pay minimum tax if your taxable income exceeds what you would have paid through minimum tax.

Read more about minimum tax guidelines: https://kra.go.ke/images/publications/Minimum-Tax-Guidelines.pdf

Related questions

0 votes
1 answer
asked May 10 in KRA by anonymous
0 votes
1 answer
0 votes
1 answer
0 votes
1 answer
0 votes
1 answer
asked May 10 in KRA by anonymous
Welcome to Kenyayote Q&A, where you can ask questions and receive answers from Kenyayote staff and other members of the community.

Before you ask, search the website to make sure your question has not been answered.
If you are ready to ask, provide a title about your question and a detailed description of your problem.
...