In his remarks at the Institute of Certified Public Accountants of Kenya conference in November 2024, Treasury Cabinet Secretary John Mbadi suggested that the government may lower Pay As You Earn (PAYE) rates for employees within the next two years.This follows growing concerns over Kenya’s high tax burden on formal employees. The Business Daily headline...Read More
The country is in the aftermath of the public protests and demonstrations, against the Finance Bill, 2024 (Bill). While there were many underlying issues that resulted in the widespread demonstrations, the trigger was the Bill which proposed a raft of additional taxes, that were widely unpopular. The ultimate consequence was that the President declined to...Read More