Kenya's financial institutions are requesting a reassessment of Pay As You Earn (PAYE) tax brackets, suggesting that reducing the tax load on employees with salaries may boost spending and aid an economy experiencing sluggish household purchasing power.The Kenya Bankers Association, in submissions made to the National Treasury prior to the
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KRA records highest revenue growth in Kenyan history
KRA boss Githii Mburu For the first time in Kenya’s history, the annual revenue collection has hit and surpassed the Two Trillion mark, defying the difficult economic environment brought about by Covid-19. This is after Kenya Revenue Authority (KRA) recorded a monumental revenue collection of KShs. 2.031 Trillion for the Financial Year 2021/2022 (July
William Ruto : Not everyone pays taxes in Kenya
Deputy President William Ruto has accused highly connected individuals in the country of using their connection to avoid paying taxes. Speaking during a meeting with representatives of civil societies in Kenya the UDA presidential candidate said in his administration every one will pay their share of taxes.