Let’s look at turnover tax more objectively

Of all the provisions contained in the Finance Act 2020, the reintroduction of turnover tax (ToT) has mustered the lion’s share of the attention of Kenyans. To many, return of turnover tax could be the only provision in this act. Countless editorials and commentaries decrying the reintroduced tax have been the order of the day in virtually all print and electronic media platforms.

Kenya Revenue Authority (KRA), the implementer of tax laws passed by the August House, has never been more castigated. The flak in the taxman’s plate is immeasurable.