Home Business Payroll taxes dip Sh37bn on Covid layoffs, salary cuts

Payroll taxes dip Sh37bn on Covid layoffs, salary cuts

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Business Daily | by Constant Munda


Payroll taxes fell an estimated Sh37.13 billion in the financial year ended June 2021, reflecting the impact of Covid-induced layoffs and pay cuts on a tough labour market.

The Kenya Revenue Authority (KRA) has reported a 9.3 percent drop in Pay As You Earn (PAYE) tax receipts in the review period compared to a year earlier when…

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