President Ruto has signed the Finance Bill into law initiating tax rises that are not popular with the public. The tax rises are sadly necessary as Kenya has been operating a budget deficit for years. However the employees in the formal sector are paying most of these tax rises including the housing levy, increased NHIF and NSSF, and higher PAYE. These formal sector employees are carrying too heavy a burden. All Kenyans will pay this directly or indirectly through increased transport charges.

Source: The Star June 27, 2023 08:46 UTC