Mbadi: Over 362,000 More Kenyans to Be Exempted From PAYE Under Proposed Tax Changes
Election
Originally published by News – Capital FM — Read the original article →
NAIROBI, Kenya, Oct 25 – National Treasury Cabinet Secretary John Mbadi says an additional 362,846 salaried Kenyans could be exempted from Pay As You Earn (PAYE) tax under a proposed government plan to raise the monthly income tax exemption threshold from Sh24,000 to Sh32,333.
Mbadi said the proposed changes, announced following a directive by President William Ruto, would increase the number of formally employed Kenyans exempted from PAYE from 1.329 million to approximately 1.692 million.
The number of salaried workers paying PAYE would consequently fall to about 1.778 million from the current total of 3.468 million people in formal employment.