Sharp Daily
No Result
View All Result
Saturday, September 13, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

All You Need To Know About The Minimum Tax Outlawed By The High Court

Domenic Ntoogo by Domenic Ntoogo
January 4, 2023
in News
Reading Time: 1 min read
KRA's Digital Service Tax

KRA [Photo/Courtesy]

The Minimum Tax has been a subject of hot debate since its introduction in 2020.

But what is the Minimum Tax?

The Minimum Tax in Kenya was introduced in 2020 through an amendment to Article 12D of the Finance Act. The amendment introduced a minimum tax of 1% on gross turnover for companies.

The aim of the amendment was to create a level playground for all businesses, where even those making losses are required to pay the tax. The Kenya Revenue Authority (KRA) argued that some companies were using the absence of the provision to evade taxes.

RELATEDPOSTS

Lessons from KRA’s VAT turnaround

June 12, 2025

Kenya’s parliamentary majority status dispute heads to court of appeal

February 20, 2025

Read: KRA Reopens Humphrey Kariuki’s Liquor Firm After Gachagua’s Rant

However, since the approval of the act, it has never come into effect due to a protracted battle pitting the taxman and individuals affected by the provision.

As such, some Kenyans moved to the High Court to push the stoppage of the implementation of the new clause. In 2021, the High Court in Machakos declared the clause unconstitutional, compelling the KRA to move to the Court of Appeal seeking the reversal of the High Court’s decision.

To the disappointment of KRA, the Court of Appeal withheld the High Court’s decision terming the levy unconstitutional. KRA’s appeal was based on the fact that the High Court failed to appreciate the concept of double taxation, among other issues.

Email your news TIPS to editor@thesharpdaily.com

Previous Post

Inside The Privatization Commission Of Kenya, Where Are The Results?

Next Post

Cooperative Bank On The Spot Over SMS Alert Charges

Domenic Ntoogo

Domenic Ntoogo

Related Posts

News

September snapshot: CMMF yields 13.12% as month unfolds

September 5, 2025
Private equity investment business concept
News

Private equity and insurance

September 4, 2025
News

Kick financial goals: Invest with CMMF this football season

August 22, 2025
commercial illustrator
News

Why Kenyan private equity firms should consider continuation funds as an exit strategy

July 23, 2025
Business

Del Monte foods files for bankruptcy in USA

July 3, 2025
News

Private vs Public Pension Funds in Kenya

June 30, 2025

LATEST STORIES

Real Estate project financing models shaping successful developments

September 12, 2025

Alternative investments: Opportunities and risks

September 12, 2025

Mid-September momentum: CMMF posts strong yields and growing trust

September 12, 2025

Unlocking Home Ownership Through Retirement Savings in Kenya

September 12, 2025

The role of FDIs in driving sustainable development

September 11, 2025

How increased oversight can clean up the insurance sector without stifling innovation

September 11, 2025

Why retail investors hold the key to Kenya’s capital market growth

September 11, 2025

Kenya’s new banking policies: A turning point for the financial sector

September 11, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024