The high tax rate in Kenya, currently standing at 35%, has become a significant concern for salaried employees. Despite handsome salary increments, the impact is often negligible due to the heavy tax burden. This issue is further complicated by the fact that salary increments are based on a percentage of basic salary, while taxation is … Continue reading Tax burden on salaried employees calls for more equitable tax system
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Tax burden on salaried employees calls for more equitable tax system
The high tax rate in Kenya, currently standing at 35%, has become a significant concern for salaried employees. Despite handsome salary increments, the impact is often negligible due to the heavy tax burden. This issue is further complicated by the fact that salary increments are based on a percentage of basic salary, while taxation is … Continue reading Tax burden on salaried employees calls for more equitable tax system