C
Originally published by Capital News
📰 Read Full Article
top
February 4, 2026
7h ago

Ruto announces tax relief for low and middle-income earners

Ruto announces tax relief for low and middle-income earners

"1.5 million working Kenyans will not pay any taxes. Another 500,000 working Kenyans will have their taxes reduced from 30% to 25%. That is how progressively we are going to make sure that we manage the cost of living bottom up. It was not a slogan," Ruto stated. - Kenya breaking..

✨ Key Highlights

President William Ruto has announced significant tax relief for Kenyan workers, with those earning up to Sh30,000 now exempt from income tax. This move aims to alleviate the cost of living and boost disposable income for low and middle-income earners.

  • 1.5 million Kenyan workers will no longer pay taxes, and another 500,000 will see their PAYE reduced from 30% to 25%.
  • National Treasury Cabinet Secretary John Mbadi confirmed a tax laws amendment bill is ready for parliamentary presentation, signaling stricter enforcement against tax avoiders.
  • This proposal follows appeals from banks and Saccos for a higher tax-free salary band and aligns with some suggestions from the World Bank regarding tax rate adjustments.

Continue Reading

Read the complete article from Capital News

📰 Read Full Article
Advertisement

Related News

Advertisement