Business Daily | by Elizabeth Kivuva
The Treasury’s upward revision of the expected revenue from individual income tax for the fiscal year is unrealistic owing to the coronavirus crisis hit on monthly wages and jobs, analysts have said.
The National Treasury has revised upwards the Pay As You Earn (PAYE) revenue target by Sh140.6 billion, banking on the reinstatement of the PAYE tax rate to 30 percent from 25 percent, effective from January 1.
As a result, the target for the fiscal year ending June 2021 has gone up to Sh376.9 billion…
