SMEs

Tax Obligations	Due By	Penalties
Turnover tax if annual Turnover is between Sh. 1 Million and 50 Million. Turnover tax is at 1% of Gross monthly turnover	20th Day of the following month	Late Filing Penalty of Sh.1000 per month. Late payment Penalty of 5% of the tax due
VAT unless dealing with exempt supplies or Annual turnover Less than Sh. 5M	20th Day of the following month	5% of the tax due or Sh. 10,000
PAYE for Employees	9th of the following Month	Penalty on late filing: 25% of the tax due or Kshs. 10,000. Penalty on late payment: 5% of the tax due and a late payment of 1% per month.