Kenyans will afford a smile as from January 2018 when the government will review income tax rates downwards
The Financial Bill 2017 comes into effect on January 1, 2018 expanding the income tax bands by 10 % and increase personal relief to Ksh 16,896 p/a from 15,360 p/a.These changes will marginally lower the tax burden for employees and increase the net pay.
The new rates as per the bill are:
|Taxable Income(Ksh)||Tax Rate|
|564,710 and above||30%|