5.2 Government and Business

• Reasons for government involvement in business
• Ways in which government is involved in business
• The meaning and importance of paying taxes
• Types of taxes in Kenya: income tax, VAT, corporation tax, fuel levy and excise duty
• e-Government services in business
• Complying with government regulations in business

• explain the reasons for government involvement in business
• describe ways of government involvement in business
• explore types of taxes in Kenya
• analyse e-Government services in business
• acknowledge the need to comply with government regulations in business

“Why is it important for the Government to get involved in business?”

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1. Why the government is involved in business
   40 min · 1 practice tasks · quiz
   Protect buyers, keep competition fair, provide essentials, raise revenue, spread jobs, control harm.
2. Ways the government is involved
   40 min · 1 practice tasks · quiz
   Licensing, standards, state corporations, infrastructure, funding, fair competition, price control.
3. What taxes are, and why we pay them
   40 min · 1 practice tasks · quiz
   A compulsory payment that pays for what no one could buy alone.
4. Types of taxes in Kenya
   40 min · 1 practice tasks · quiz
   Direct taxes on income and profit; indirect taxes on spending, collected at each step.
5. e-Government services for business
   40 min · 1 practice tasks · quiz
   Register, get a PIN, license and pay online: faster, open at night, and it leaves a record.
6. Complying with government regulations
   40 min · 2 practice tasks · quiz
   Register, get a PIN, hold a permit, file returns, and keep the certificates on the wall.