Why registering as taxpayers is beneficial to small businesses

Data from the Kenya Association of Manufacturers (KAM) shows that Kenya’s micro, small and medium enterprises (MSME) constitute 98 per cent of all businesses in the country with the sector providing jobs to 50 per cent of young employment seekers in the manufacturing and service industries per annum.

The sector contributes slightly over 30 per cent of total employment in the country. According to various studies, up to 55 per cent of all household incomes in Kenya come from business and business related sources, largely MSMEs.