The paper analyses the possibility of Kenya lowering the VAT rate as an incentive to grow the economy.
New findings from a state-backed think tank suggest that Kenya’s 16 per cent Value Added Tax (VAT) rate may be pushing businesses to operate informally.
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Cutting the rate to at least 25 per cent from the current 30 per cent, they argue, would stimulate foreign direct investments.
For an economy majorly supported by the informal sector, economists feel that the government is doing very little to even out the…
Kenya's decision was grounded in two decades of evidence. Mobile money penetration has reached 157.7 per cent, with over 84.1…
For an economy majorly supported by the informal sector, economists feel that the government is doing very little to even out the…
Because residential housing remains VAT-exempt, developers cannot recover this VAT, making it a direct cost that inflates project…
States capable of attracting businesses, stimulating commerce, and formalising informal economic activity are now positioned to…
