PAYE surpasses pre-Covid levels as firms recover

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Times Tower in Nairobi, the headquarters of Kenya Revenue Authority (KRA). Picture taken on Thursday, October 15, 2020. PHOTO | DENNIS ONSONGO | NMG

Taxes collected from workers have surpassed the Pre-Covid levels, underlying the recovery among corporates.

Latest data from the Kenya Revenue Authority (KRA) shows that Pay as You Earn (PAYE) — a tax charged on resident and non-resident individuals in employment— rose to Sh221.33 billion compared to Sh205.27 billion in six months to December 2019, representing a 7.8 per cent growth above the pre-pandemic period.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.