Salaried workers earning below Sh50,000 monthly are set to enjoy income tax cuts of between Sh731 and Sh2,127 under proposed changes to the taxation brackets aimed at boosting the disposable income of low-earning workers.
Treasury Cabinet Secretary John Mbadi says his ministry has prepared a Tax laws (Amendment) Bill that will raise the threshold of untaxed income from Sh24,000 to Sh30,000 and have income falling between Sh30,000 and Sh50,000 taxed at 25 percent.
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