Kenya’s top earners who rake in between Sh800,000 and Sh1 million per month in salaries will see their tax obligations rise by between Sh7,500 and Sh17,500 per month once new top tax bands proposed by the National Treasury come into effect with the passing of the Finance Bill 2023.
Less than one percent of employees earn top dollar in the economy however, meaning that the government’s take from these enhanced tax bands will be limited in terms of the overall expected inflow of Sh1.19 trillion from income taxes in the upcoming fiscal year.
