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@kahawatungu Wed, 04 Feb 2026 15:15:56

Banks Propose 5% PAYE Tax Cut to Boost Workers' Income and Economic Growth

Kenya's banking industry has proposed a five per cent reduction in Pay As You Earn (PAYE) tax rates across all tax bands, saying the move will help restore workers' purchasing power, stimulate economic growth and strengthen government revenue. In a statement issued on Wednesday, the Kenya Bankers Association (KBA) welcomed the government's proposal to zero-rate [...] The post Banks Propose 5% PAYE Tax Cut to Boost Workers' Income and Economic Growth appeared first on Kahawatungu.

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