The taxable turnover threshold that determines whether businesses should be registered for VAT is currently Kshs 5,000,000 in Kenya. Businesses with turnover below this level can also apply for a voluntary VAT registration. Businesses charge VAT on their sales. This is known as output VAT and the sales are referred to as outputs. Similarly, VAT […]
Tax season: two words that can evoke a range of emotions from dread to confusion to frustration. Whether you’re an individual or a business owner, filing taxes can be a daunting task filled with complexities and uncertainties. However, what if I told you there’s a way to navigate through this annual ordeal with ease and […]
Starting a new business in Kenya 20 steps to follow Idea Perhaps you are taking your skills/qualifications as an employee across to your own business, or turning a hobby/passion into a business. All businesses start with an idea! Research Examine the market and consider the requirement and customer-base for your business. You will also need […]