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Originally published by Capital Businessbusiness
May 15, 2026
2h ago
PAYE cut could create 36,000 jobs, KBA
The lobby said the tax cut would immediately generate Sh42 billion in GDP output and support more than 36,000 jobs every year by boosting household spending power and stimulating demand for goods and services. Kenya breaking news | Kenya news today |..
✨ Key Highlights
The Kenya Bankers Association (KBA) has proposed a uniform 5 percent reduction in Pay As You Earn (PAYE) tax, estimating it could significantly boost Kenya's economy and create jobs.
- A 5 percent PAYE cut could inject KES 28.1 billion into the economy annually and generate KES 42 billion in immediate GDP output.
- The KBA, representing Kenyan banks, advocates for this tax reform.
- This proposal aims to counteract a 10.7 to 12 percent decline in real incomes over the last five years due to rising statutory deductions.
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