Round Table Talk with Peter Mondoro
Entrepreneurs understood understood during the talk that the Micro Businesses who make less than K60, 000 are taxed a flat rate of K250. Small Businesses with a turnover under K250, 000 is regarded as a Small Business and they pay tax quarterly in the following arrangement. Tax on the first K15, 000 is K62. 50 and any sales made in excess of K15, 000 is taxed at 2%.