Once again, the National Treasury has cobbled up an ambitious Budget that might see taxpayers taxed to the bone. It has proposed to spend Sh2.7 trillion between June and July 2020, Sh200 billion more than what it expects to spend in the current financial year. To this end, Cabinet Secretary Henry Rotich’s ministry will overhaul Income Tax, a move that might see companies and employees pay more in taxes.
With most workers still smarting from myriad taxes they were slapped with in the current financial calendar, the last thing they would like to hear is another deduction on their take home.