Home » Business » Kenyan government propose income tax relief

Kenyan government propose income tax relief

,

Taxpayers in Kenya will benefit from 10 per cent increase in income tax bands and personal relief in a raft of measures proposed by the government to ease the burden on low-income earners.

National Treasury Secretary Henry Rotich said the increase in tax bands was informed by the need to boost the take-home pay of low-income earners.

Last year, a similar review was done and took effect in January, offering workers up to Sh600.

At the moment, the lowest band starts at Sh11,180 per month while the upper band falls on incomes from Sh42,782 per month. It is from the upper band that the maximum 30 per cent tax rate is applied.

Under the proposed changes, workers will only pay taxes if their income is at least Sh13,486 per month, with the upper band falling on incomes above Sh46,960 per month. That means incomes of Sh13,486 per month will attract taxes at 10 per cent, the portion beyond the first band will attract taxes at 15 per cent up to Sh23,886 per month, up from the current Sh21,715

The portion of incomes beyond the second band up to Sh36,473 will be taxed at 20 per cent, with the rates rising to 25 per cent on incomes up to Sh46,960 per month.

UPPERMOST BAND

Any portion of income above the Sh46,960 falls in the uppermost band that will attract the top tax rate of 30 per cent.

The changes will also see personal relief going up by 10 per cent, from the current flat rate of Sh1,280 per month.

“This measure will, to a large extent, increase the take-home income of a majority of low income earners,” Mr Rotich said.

“I wish to confirm that the exemption of bonuses, overtime and retirement benefits paid to the low-income earners will remain.”

The tax relief comes as flat or declining sales, coupled with growing concern over the August General Election has left dark clouds hanging over the labour market, forcing the majority of employers to freeze plans to hire or raise workers’ salaries, a newly-released report says.




The job market survey, commissioned by the Institute of Human Resource Management, found that 73 per cent of employers across 12 sectors have stopped hiring.

More than 57 per cent of the firms also indicated that they will not increase employees’ pay this year while the remaining 43 per cent will marginally adjust salaries to compensate for inflation.

Consumer prices rose by 9.04 per cent, the highest inflation rate since June of 2012

The study found that reduced private sector credit uptake and the freeze in expansion by investors awaiting poll outcome.

Related Post

76 thoughts on “Kenyan government propose income tax relief”

  4. Pingback: cheap clonidine

  6. Howdy! This is my first comment here so I just wanted to give a quick shout out and say I genuinely enjoy reading through your posts. Can you recommend any other blogs/websites/forums that cover the same subjects? Thanks a lot! meilleure creme corps peau seche

    Reply

  8. I am really loving the theme/design of your web site. Do you ever run into any browser compatibility problems? A few of my blog audience have complained about my blog not operating correctly in Explorer but looks great in Safari. Do you have any suggestions to help fix this issue? värk i underbenen

    Reply
  9. Pingback: cefuroxime 125 mg united kingdom

  11. Искалка по интернет магазинам. Без рекламы и прочих прелестей современного интернета.
    сэкономить 10$?
    https://forcart.ru BRUNELLO CUCINELLI Кардиган

    Reply
  13. Pingback: cost of celecoxib

  20. I was actually itching to fix it some wager some monied on some sports matches that are happening auspicious now. I wanted to say you guys know that I did spot what I reckon with to be the trounce locate in the USA.
    If you poverty to confound in on the engagement, scrutinize it out: https://blackjackrealmoneyhub.com/

    Reply

  25. Привет всем участникам! прикольный у вас сайт!
    Нашел интересную базу кино: 2020 онлайн лучшие комедии http://kinorulez.ru/
    Здесь: В хорошем качестве hd лучшие приключения http://kinorulez.ru/priklyucheniya/ список 2019
    Тут: читать лучшую фантастику онлайн http://kinorulez.ru/fantastika/ список 2020
    Тут: Ходячие мертвецы / The Walking Dead Сезон 2 (2011) смотреть сериал онлайн бесплатно http://kinorulez.ru/serialy/hodyachie-mertvecy/31-hodyachie-mertvecy-the-walking-dead-sezon-2-2011.html
    Здесь: http://kinorulez.ru/1010-dzhessi-ayzenberg-i-dzheremi-ayrons-sygrayut-v-betmene-protiv-supermena.html

    Reply
  27. Pingback: how to buy citalopram 20 mg

  32. Visit Secure Drugstore >> Click Here! <<

    Visit Secure Drugstore >> Click Here! <<

    Het kopen van
    bovenste luchtweginfecties schildklier en http://drghodosi.com/forums/topic/goedkoopste-grisoral-125-mg-korting/ en Brest voeding generieke merknaam
    verkoop voor goedkoopste
    interacties met andere geneesmiddelen een andere naam voor https://torah-idf.org.il/forums/topic/terramycin-korting/ alcohol en zwangerschap
    kopen
    bovenste luchtweginfecties Hoe lang kunt u https://moshavere-bartar.ir/forums/topic/kopen-geneeskunde-aldemyl-generic-duitsland/ vasculaire schade hart en sotalol interactie
    verkoop voor
    hoofdpijn on line usa https://torah-idf.org.il/forums/topic/kopen-eraquell-20-mg-voor-paarden-verhogen-de-bloeddruk/ doden parasiet wormen gernerics
    Het kopen van
    verkoop voor
    en nieren bijwerking forum http://drghodosi.com/forums/topic/motilium-kopen-in-de-winkel-duitsland/ doden parasiet wormen Chlamydia trachomatis
    krijgen goedkoop
    korting gebruikt voor keelontsteking https://distan.sukabumikota.go.id/forums/topic/bimatoprost-timolol-horus-pharma-haarverzorging/ indicaties voor nierinfecties
    kopen
    exteded gebruik en anemie https://moshavere-bartar.ir/forums/topic/buy-kenalog-south-dakota-how-long-will-kenalog-injection-last/page/179/ informatie over drugs doseren
    krijgen
    terugtrekking diarree bijwerkingen zoveel mogelijk https://olammacares.com/forums/topic/lariam-bijwerkingen-beoordelingen/ vs class action-rechtszaak
    krijgen

    Reply

  37. Asian Sexy Ladies Gif
    Send us suggestions when you have any questions/comments. Unique porn movies with every day updates on the website «biguz.web». Watch or obtain porn movies in excellent HD high quality for free and instantly.
    site link|

    Reply

  42. Kannur is a coastal city in the south Indian state of Kerala. It was once an ancient trading port. Enduring monuments such as 16th-century St. Angelo Fort, once occupied by European colonial forces, show the city’s significant role in the spice trade. Housed in a former palace, the Arakkal Museum highlights Kerala’s one Muslim royal family. The palm-fringed sands of Payyambalam Beach run along Kannur’s western shore.

    https://askleo.com/where_is_my_outlook_pst_file_located/ – Kannur

    Reply
  44. Pingback: cheapest cephalexin

  49. Доброго времени суток.
    Подскажите хорошую типографию для печати брошюр
    Могу посоветовать одну типографию , качество, цена и скорость у них отличное,
    но они размещаются в Красноярске, а мне хотелось бы в Москве.
    Это печать каталогов и брошюр https://kraft-pt.ru/products/broshjury

    Reply
  51. Pingback: is there a legal generic cialis made in the united states
  58. Pingback: where to buy ciprofloxacin 1000mg

  69. Hi there! I know this is kinda off topic but I was wondering which blog platform are you using for this website? I’m getting sick and tired of WordPress because I’ve had problems with hackers and I’m looking at options for another platform. I would be fantastic if you could point me in the direction of a good platform.|

    Reply

  70. Балясины для лестниц от производителя! https://balyasiny-optom.ru/ Изготовим балясины и ножки для мебели любой формы: точеные, граненые, витые, резные, комбинированные (дерево + металл) из сосны, дуба, бука, ясеня. Токарные станки с ЧПУ, быстрая и качественная обработка. Шлифовка под покраску

    Reply

  75. Добрый день.
    Подскажите путнюю онлайн-типографию для заказа листовок
    Мы работали с одной типографией, качество, цены и скорость у них отличное,
    но они находятся в Красноярске, а мне хотелось бы в Питере.
    Это печать дипломов https://kraft-pt.ru/products/gramoty-diplomy-sertifikaty

    Reply

Leave a Comment

Your email address will not be published.