What new government taxes do we expect in 2024?

Times Tower in Nairobi, the headquarters of Kenya Revenue Authority (KRA). FILE PHOTO | DENNIS ONSONGO | NMG

Since coming into office in September 2022, the incumbent government has implemented policy measures aimed at steering economic recovery.

The Kenya Kwanza regime is also redesigning taxation instruments to make them supportive of economic activity while boosting revenue collection. All these interventions have yielded progress, as the economy indicated an average growth rate of 5.6 percent in the first three quarters of 2023, up from 4.8 percent in 2022.

PAYE Tax Calculator

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