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Originally published by The Standard BusinessAugust 8, 2026
4h ago
State think tank: Raising VAT risks driving firms to informal sector
The paper analyses the possibility of Kenya lowering the VAT rate as an incentive to grow the economy...
✨ Key Highlights
A new report from a Kenyan state-backed think tank indicates that the current 16 per cent Value Added Tax (VAT) rate might be compelling businesses to shift towards operating within the informal sector.
- The 16 per cent VAT rate is cited as a potential driver for businesses to move to the informal sector.
- The findings come from a state-backed think tank in Kenya.
- This suggests a significant challenge for formal businesses and tax collection in the country.
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