Economy is lagging but we can still reduce taxes, Mbadi says

Treasury CS John Mbadi, National Assembly Majority Leader Kimani Ichung'wah, ICPAK Chairperson Philip Kakai and delegates during the second edition of ICPAK's 41st Annual Seminar at Sarova Whitesands in Mombasa, on November 20, 2024. [Kelvin Karani, Standard]

There is need to reduce Pay as You Earn Tax (PAYE) and other taxes levied on Kenyans by broadening the tax base, Treasury Cabinet Secretary John Mbadi has said.

Speaking in Mombasa Wednesday during an accountants' forum, Mr Mbadi said this can be done in the next two years. He noted that the government can reduce PAYE while maintaining the Social Health Insurance Fund (SHIF) and affordable housing levies.