President Uhuru Kenyatta on Wednesday at State House, Nairobi, signed into law the Tax Laws (Amendment) Bill 2020 which was passed Tuesday by Members of the National Assembly.
Last week, the government announced that Kenyans earning below Sh24,000 could be exempted from paying income tax should MPs pass a law expanding the tax bands for salaried workers.
This followed a proposal to amend the law to provide that incomes of that amount attract 100pc Pay As You Earn tax relief.
The Tax Laws (Amendment) Bill, 2020, further seeks to increase the highest tax band from the current Sh47,060 to Sh74,000.
Also signed into law is the Tea Bill of 2018 which contains several reforms among them the re-engineering of the Tea Board of Kenya to oversee the development, promotion and regulation of Kenya’s tea sector.
The bills were presented to the President for signature by Solicitor General Ken Ogeto at the brief ceremony attended by Agriculture CS Peter Munya, Senate Speaker Ken Lusaka, and Leader of Majority in the National Assembly Amos Kimunya.
Also present were Head of Public Service Dr Joseph Kinyua, State House Deputy Chief of Staff Njee Muturi, Clerk of the National Assembly Michael Sialai and his Senate counterpart Jeremiah Nyengenye.
Kenyan Business Feed is the top Kenyan Business Blog. We share news from Kenya and across the region. To contact us with any alert, please email us to [email protected]