Harnessing diaspora remittances to shore up revenue collection

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Participants during the 4th Kenya Diaspora Homecoming Convention. FILE PHOTO | NMG

One of the hallmarks of Kenya’s Finance Act 2023 is the strategy by the government to increase its revenues through domestic taxes as opposed to external borrowing.

To this end, the government introduced an array of tax regimes in a bid to shore up its revenue collection at home.

PAYE Tax Calculator

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