By Moses Punyuah, Nairobi
Low- and middle-income earners are set to benefit from major tax relief measures as the government moves to ease the cost of living and increase disposable income for salaried workers.
Treasury Cabinet Secretary John Mbadi said the proposal, agreed with President William Ruto, will be taken to Parliament through the Tax Law Amendment Bill once the House resumes.
“We have agreed with President William Ruto that low-income earners should be given a reprieve, and I am preparing to take a proposal to Parliament on the Tax Law Amendment Bill,” Mbadi said.
Speaking at the Budget and Privatisation Public Engagement Forum for the Upper Eastern region in Meru, Mbadi said the plan targets workers earning below Sh30,000, who will be exempted from income tax.
He added that employees earning between Sh30,000 and Sh50,000 will see their PAYE reduced from 30 per cent to 25 per cent.
The National Treasury says the measures are aimed at easing financial pressure on workers, boosting household incomes and stimulating consumer spending amid the rising co
st of living
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