President William Ruto has intimated that he is planning to present a proposal before Parliament that will seek to introduce major tax reliefs for formally employed Kenyans.
This comes a day after Treasury Cabinet Secretary (CS) John Mbadi announced is seeking to exempt over 1.5 million employed Kenyans earning below Ksh.30,000 from paying Pay As You Earn (PAYE) tax.
Speaking while meeting United Democratic Alliance (UDA) aspirants at State House on Wednesday, President Ruto noted that the proposal will propose the removal of tax payments for those earning below Ksh.30,000 and a reduction for those earning up to Ksh 50,000.
He said that the move is informed by his goal to ease the financial pressure on salaried workers and lower the soaring cost of living that has long pressured households.
Source: Citizen Digital
This comes a day after Treasury Cabinet Secretary (CS) John Mbadi announced is seeking to exempt over 1.5 million employed Kenyans earning below Ksh.30,000 from paying Pay As You Earn (PAYE) tax.
Speaking while meeting United Democratic Alliance (UDA) aspirants at State House on Wednesday, President Ruto noted that the proposal will propose the removal of tax payments for those earning below Ksh.30,000 and a reduction for those earning up to Ksh 50,000.
He said that the move is informed by his goal to ease the financial pressure on salaried workers and lower the soaring cost of living that has long pressured households.
Source: Citizen Digital
