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The easing of Kenya’s formal employees’ tax burden long overdue
Clients seek services at KRA headquarters in Nairobi on February 23, 2024. A balanced approach through tax base expansion is crucial to foster equitable contributions and sustainable growth.
In his remarks at the Institute of Certified Public Accountants of Kenya conference in November 2024, Treasury Cabinet Secretary John Mbadi suggested that the government may lower Pay As You Earn (PAYE) rates for employees within the next two years.
This follows growing concerns over Kenya’s high tax burden on formal employees. The Business Daily headline of November 21, 2024, aptly captured the dilemma: Housing Levy, SHIF Slash Take-Home Pay to 55pc.
