Treasury rules out new tax hikes, calls for cuts instead

NAIROBI, Kenya, Dec 17 - Treasury Cabinet Secretary John Mbadi has ruled out further tax increases on Kenyans, including on pay-as-you-earn (PAYE), Kenya breaking news | Kenya news today |..

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Treasury Cabinet Secretary John Mbadi has announced that the Kenyan government will not introduce new tax hikes, including on pay-as-you-earn (PAYE), stating that such measures would "milk Kenyans dry." Instead, the government is considering proposals to reduce existing taxes.

Treasury Cabinet Secretary John Mbadi confirmed the government is looking at tax reductions, not increases.
The decision comes after public backlash over the 1.5 percent Affordable Housing Levy and increased National Social Security Fund (NSSF) contributions to 6 percent in 2024.
Mbadi emphasized that taking on more loans or further taxing Kenyans is not viable given current economic pressures.

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