The 5Ws and 1H of Turn Over Tax (TOT)
WHAT is Turn Over Tax? TOT is a tax charged on the gross sales of a business as per Sec. 12(c) of the Income Tax Act. It is charged at a rate of 3% of the turnover. WHEN was Turn Over Tax introduced in Kenya? TOT is not a new tax. It was first introduced by […]
The 5Ws and 1H of Turn Over Tax (TOT) Read More ยป