02/04/2021
MINIMUM TAX DUE DATE
Kenya Finance Act 2020 introduced the minimum tax, with effect from 1st January 2021. The minimum tax, which is 1% of the expected gross turnover is payable by loss making businesses or when the business income tax on profit is less than the minimum Tax (1% of the turnover).
Consequently, kindly note that in the event that you expect to make loss in the current year, your will be required to pay minimum tax.
In an effort to enhance compliance with this provision, we hereby remind you that the first instalment/minimum tax for the companies whose year-end is 31st December is due on or before 20th April 2021.
