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Originally published by Capital Businessbusiness
June 8, 2026
2h ago
Bankers push for uniform PAYE cut to boost economy
While welcoming National Treasury Cabinet Secretary John Mbadi's proposal to exempt workers earning up to Sh30,000 from PAYE and grant a 5 percent relief to those earning up to Sh50,000, KBA Chief Executive Officer Raimond Molenje said the approach would not generate sufficient e..
✨ Key Highlights
The Kenya Bankers Association (KBA) is advocating for a uniform Pay As You Earn (PAYE) tax cut across all income brackets, arguing that targeted relief for low-income earners will have a limited economic impact.
- KBA proposes a uniform 5 percent PAYE reduction across all income bands, capped at 30 percent for top earners.
- Key figures involved include National Treasury Cabinet Secretary John Mbadi and KBA Chief Executive Officer Raimond Molenje.
- The association estimates their proposal could inject Sh28 billion annually into the economy and stimulate up to Sh210 billion in economic activity.
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