Treasury under pressure to cut top PAYE rate to 30pc

Cabinet Secretary for the National Treasury and Economic Planning John Mbadi.

Photo credit: File | Nation Media Group

The National Treasury has been pressured to cut the top tax rate for pay-as- you- earn (PAYE) to 30 percent from the current 35 percent to lift the burden on low-income earners.

A review of public submissions to the National Assembly Committee on Finance and National Planning showed that the Treasury has also been asked to overhaul the PAYE tax bands and raise the personal relief offered from Sh2,400 per month to Sh3,000.

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