Raimond Molenje - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Bankers Association calls for PAYE cut as workers face growing tax pressure

Sacco ReviewMay 27, 202603 mins

The Kenya Bankers Association has raised concerns over the rising tax burden on Kenyan workers, arguing that salaried employees are currently paying higher income tax rates than companies. In a statement shared online on Monday, May 25, 2026, the association noted that Pay As You Earn (PAYE) tax stands at up to 35 per cent,…

Bankers Association warns Finance Bill 2026 taxes could undermine digital payments

Sacco ReviewMay 22, 202604 mins

Kenya Bankers Association (KBA) has cautioned against new tax measures proposed in the Finance Bill 2026, warning that levies on card transactions and digital payment services could sharply raise the cost of financial services and drive more Kenyans away from formal cashless systems. Appearing before the National Assembly Departmental Committee on Finance and National Planning,…