The Kenya Bankers Association (KBA) is advocating for a unified 5% reduction in Pay As You Earn (PAYE) taxes across all income brackets to stimulate the Kenyan economy.

• A 5% PAYE reduction could inject approximately Ksh28 billion annually into the economy.
• The proposal is led by KBA CEO Raimond Molenje, aiming to boost household spending and support MSMEs.
• This push comes as real incomes have declined by 10.7% to 12% in five years, while the government is considering a PAYE cut for those earning Ksh30,000 or less.