New PAYE and VAT Rates in response to COVID-19


TweetShareSharePin0 Shares Taxes play a fundamental role in Kenya’s sovereignty. We significantly fund our national budget though Taxes. To mitigate the effects of COVID – 19 to the Kenyan economy, the Government has proposed various measures including the following: Reduction of Personal Income Tax top rate (PAYE) from 30% to 25% 100 % Tax Relief for persons earning up to Ksh. 24,000 Reduction of Resident Corporate Income Tax rate from 30% to 25% Reduction of Turnover Tax rate for SMEs from 3% to 1% Immediate reduction of the VAT rate from…

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