Treasury to begin public hearings on PAYE tax cuts in August
Mbadi said the month-long exercise will gather views from Kenyans before the government settles on the final proposals to ease the tax burden on salaried employees...
✨ Key Highlights
The National Treasury will begin nationwide public hearings in August on proposed cuts to Pay As You Earn (PAYE) tax, with the Cabinet Secretary assuring workers that tax relief is still planned.
- The Treasury's initial proposal includes exempting employees earning Sh30,000 and below from PAYE and lowering rates for those earning between Sh30,001 and Sh50,000.
- Key stakeholders involved include the National Treasury and the Kenya Bankers Association (KBA), which proposed cutting PAYE rates by five percentage points across all bands.
- The public participation exercise will last through August, with legislation planned for September if approved by Parliament.
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Treasury Reverses 2026 Economic Growth From 5.3pc to 5pc - July 2026
The National Treasury of Kenya has revised its economic growth forecast for 2026 downwards from 5.3% to 5%, citing global uncertainties. At the same time, the National Treasury will begin nationwide public hearings in August on proposed cuts to Pay As You Earn (PAYE) tax, with the Cabinet Secretary assuring workers that tax relief is still planned. Meanwhile, Kenyan banks are significantly increasing lending to the agriculture sector, with loans rising by 23.5% to Sh190.2 billion in the year to April 2026, attributed to falling interest rates which have revived private sector borrowing and signaled renewed confidence in agriculture.
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