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Rotich hits top income earners with 35pc tax
National Treasury Cabinet Secretary Henry Rotich (left) and KRA Commissioner General John Njiraini at a past event on October 3, 2016. PHOTO | SALATON NJAU | NMG
Treasury secretary Henry Rotich has hit Kenya’s big earners with a 35 per cent top tax rate as part of the quest increase income tax revenues by Sh68 billion.
Mr Rotich says in the newly published Income Tax Bill that the top tax rate is for those earning more than Sh9 million a year, effectively targeting those with a monthly income of Sh750,000 and above.
