This means that employees earning Sh24,000 and below will now be taxed 10 per cent or PAYE. Employees earning above Sh40,667 but below Sh57,334 will pay 20 per cent, while those earning anything above Sh57,334 will pay 25 per cent for PAYE. This means the tax for PAYE paid out by those earning Sh24,000 and below will be cancelled, hence they will get 100 per cent tax relief as per the President's directive. The new tax rates for pensions of those getting Sh400,000 and below will be 10 per cent, whereas above Sh400,000 but below Sh800,000 will be 15 per cent. SEE ALSO: KRA wins tax evasion scheme suitThe due date for the remittance of PAYE taxes and taxes on pensions however remains to be on or before the 9th day of the next month.

Source: Standard Digital April 28, 2020 12:00 UTC