Kenyan Bankers Propose Plan to Put More Money in Salaried Workers’ Pockets
The Kenya Bankers Association (KBA) has proposed a significant revision of the Pay As You Earn (PAYE) tax bands, recommending an increase in the minimum taxable income from Ksh24,000 to Ksh30,000 while capping the highest rate at 30 per cent. Under the proposal, income below Ksh30,000 would be exempt from PAYE, income between Ksh30,001 and Ksh50,000 would be taxed at 15 per cent, Ksh50,001 to Ksh100,000 at 20 per cent, Ksh100,001 to Ksh400,000 at 25 per cent, and any income above Ksh400,000 would attract the top rate of 30 per cent. The recommendation comes as the National Treasury seeks public
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