Payroll taxes for the financial year ended June, grew at the slowest pace in at least seven years, excluding the pandemic period, signalling a tough economic setting where firms are struggling to generate new job opportunities and offer pay raise for workers.
The Kenya Revenue Authority (KRA) collected Sh494.98 billion in earnings from workers in the formal sector, it reported Friday, a 7.18 percent growth over Sh461.82 billion in the prior year.
