Not yet the hook as government moves to introduce monthly mandatory tax targeting businesses
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Ruto government invites views from Kenyans on introduction of monthly mandatory tax (by KEBS) targeting businesses
Ruto government invites views from Kenyans on introduction of monthly mandatory tax (by KEBS) targeting businesses.
The government through the Kenya Bureau of Standards on Tuesday, invited Kenyans to submit their comments on the proposed Standards Levy Order 2023, which would require businesses to pay a monthly levy.
KEBS requested stakeholders, manufacturers, professional bodies, non-state actors, and development partners to partake in the public participation exercise by giving their thoughts and feedback.
“The levy order contains provisions as to the evidence by which a person’s liability to the levy or his discharge of that liability may be established, and as to the time at which any amount payable by any person by way of the levy shall become due and the way it shall be recoverable by the Director,” a statement from KEBS read in part.
The Standards Levy, according to KEBS, is a sum that all Manufacturers must pay each month to KEBS.
With the planned revisions for 2023, every manufacturer will be required to pay 0.2% of turnover, excluding Value Added Tax and discounts, under the law, which first went into effect in 1990.
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Every registered enterprise entering the manufacturing sector will be obliged to pay a minimum of Ksh1,000 per month and a maximum of Ksh400,000 per year under the Standards Levy Order 2023.
The tax must be paid by the 20th day of each month succeeding that of the manufacturer.
“If you fail to pay the Levy, you are guilty of an offence under the Standards Act of the Laws of Kenya and are liable to prosecution,” KEBS warned manufacturers.
You will be exempted from the levy If your annual turnover does not exceed Ksh200,000.
Kenyans have been asked to attend physical meetings organised by KEBS to learn more about the levy and give their views or submit their comments to standardslevyorder@kebs.org before September 22, 2023.
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