New plans to cut levies on SMEs for quicker growth
A Betterline Water Limited staff explains how a water purifier works, during the small and medium-sized enterprises (SME) conference at KICC, Nairobi, on February 24, 2020. PHOTO | DENNIS ONSONGO | NATION MEDIA GROUP
NMG chairman Wilfred Kiboro said supporting the SMEs would help the government easily achieve its objective of distributing wealth.
KNCCI president Richard Ngatia said policy lapses had left SMEs with little room to grow and venture into new areas.
The government is working with counties to cut cess and levies charged to small and medium-sized enterprises (SMEs) with the aim of harmonising regulations to reduce costs and make it easier for small entities to thrive.
Interior Cabinet Secretary Fred Matiang'i said on Monday that multiple taxes across the 47 counties were eating into the margins of SMEs and blunting their ability to grow and create jobs.
