National

88% of SMEs don’t pay taxes – Kanimba

The Minister of Trade and Industry, Francois Kanimba, Thursday, told Senate that out of  the 123,526 small and medium enterprises operating in the country, close to 90 percent neither pay taxes and nor are they registered.Kanimba made the remarks while presenting the status of SMEs to senators. He referred to the SMEs Establishment Census 2011, which indicates that SMEs operating in the private sector constitute 96.5 percent (119,158) of businesses in Rwanda.
 Minister Francois Kanimba appearing in the Sanate on Thursday. The New Times /Timothy Kisambira.
Minister Francois Kanimba appearing in the Sanate on Thursday. The New Times /Timothy Kisambira.
Edwin Musoni