Micro, Small and Medium Enterprises or the hustlers’ nation as they call, it is a blessing to our generation but needs to be nurtured to the next level. The first step is formalizing the informal sector. Introduction of a tax that ensures that the sector also contributes in the national revenue kitty is an important formalization facet.
What does taxation have to do with formalizing the informal sector? The recently reintroduced turnover tax may turn out to be a blessing in disguise.