High income earners have been spared higher taxes after Treasury CS Henry Rotich backtracked on a proposal to levy a top tax rate of 35 per cent on income above Sh750,000 a month or Sh9 million year.
The CS said he has reversed the tax change contained in the Income tax Bill 2018 after collecting the views of the public on the matter. He is due to table the Bill before Parliament before the end of next month.
