Layoffs and a freeze on bonus payouts for workers in corporate Kenya resulted in a shortfall in the collection of payroll taxes by Sh25.8 billion in the year to June, reflecting the impact of Kenya’s soft economy on jobs and pay.
The Kenya Revenue Authority (KRA) collected Sh554.65 billion in pay-as-you-earn (PAYE) in the financial year to June, against a target of Sh580.48 billion, as the private sector grappled with a turbulent environment characterised by shrinking sales and high operating costs, the National Treasury has revealed.
