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Category: Taxation

TAX: TAXATION FOR MSE’s

TAX: TAXATION FOR MSE’s

The term micro and small enterprises (MSEs) or micro, small and medium enterprises (MSMEs), is used to refer to SMEs in Kenya. Under the Micro and Small Enterprise Act of 2012, micro-enterprises have a maximum annual turnover of KES 500,000 and employ less than 10 people. Small enterprises have between KES 500,00 and 5 million annual turnover and employ 10-49 people. Medium enterprises are not covered under the act but have been reported as comprising of enterprises with a turnover…

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