Effect of Tax Rates on the Growth of Small and Medium Enterprises in Kisumu County, Kenya

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Research shows tax rates negatively affect SME growth in Kisumu County, highlighting barriers to profitability.

High tax rates significantly hinder SME growth, limiting financial resources and operational capacity.
Findings reveal a strong negative correlation (r = -0.645) between tax rates and SME growth in Kisumu County.
Correlational research utilized stratified random sampling to gather data from 262 SMEs, indicating significant effects.
Highlights the need for policy revisions to improve conditions for SMEs and stimulate economic growth.

Madara et al. (2025) studied this question.

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