Kenyan Wall Street | by Mwakaneno Gakweli
Kenyans will pay more taxes in 2021 following tax amendments signed at the end of 2020 and the expiry of tax relief measures set during the start of the pandemic.
As from January 1, low salary earners expect more deductions, following changes in tax rates that removed lower tax bands, specifically eliminating 15% and 20% rates as Kenya Revenue Authority seeks to improve revenues from salaries.
Kenyans who earn more than 24,000 monthly will now pay tax at 25% for the next Ksh8,333 up from 15% and…
