The Treasury has said it expects Pay-as-you-Earn (PAYE) taxes to grow by Sh68 billion to Sh447.6 billion in the coming fiscal year, signalling its determination to push through the long promised review of the income tax law.
Estimates of revenue, grants and loans for the 2018/19 fiscal year submitted to Parliament show that corporation tax revenue is also expected to increase by Sh59.5 billion to Sh389.2 billion.
