JUST IN: Mbadi Confirms Plan to Lower PAYE Tax and Bank Lending Rates 

  Treasury Cabinet Secretary John Mbadi has revealed plans to review the Pay-As-You-Earn (PAYE) tax, aiming to ease the financial strain on Kenyan workers. Speaking at the launch of the 2024 FinAcess Survey, Mbadi acknowledged that high salary taxes remain a major challenge, with 8% of employees’ salaries currently going toward taxes. “We have listened to the public. Despite inflation dropping to a 17-year low, the shilling strengthening against major currencies, and the economy growing above the Sub-Saharan Africa average, people still say they have no money,” Mbadi said, highlighting the need for tax relief. CS Mbadi attributed the high taxes
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