Ruto signals tax cuts for workers, land buyers and phone users

President William Ruto on Tuesday signalled reduced income tax for workers earning less than Sh32, 333, exemption of land transactions below Sh1 million from stamp duty and scrapping 25 percent import duty on phones in efforts to boost disposable incomes.

Workers earning Sh32,333 will enjoy an income tax of Sh2,083 monthly while property buyers in urban and rural areas will save Sh40,000 and Sh20,000 respectively for deals valued at Sh1 million.