Business Daily | by Constant Munda
Payroll taxes fell Sh6.4 billion in the quarter ended March despite the Treasury reinstating income tax cuts, highlighting the impact of Covid-19 on layoffs and pay cuts.
The Kenya Revenue Authority (KRA) received Pay As You Earn (PAYE) taxes amounting to Sh98.97 billion in the period compared with Sh105.36 billion in the first three months of last year, the Treasury says in the quarterly budgetary review report…
