Kenya plans tax cuts for low-income earners

The Kenyan government has drafted a bill to reduce income taxes for low-wage earners. President William Ruto stated that the initiative aims to alleviate the cost-of-living burden, specifically rising food and transport costs, for citizens earning less than $245 monthly. The proposed relief is intended to provide immediate financial support to this segment of the workforce.

Furthermore, the government plans to incentivize property ownership by reducing property taxes. Citizens transferring property valued at $7,700 or less will be exempt from certain taxes. To accelerate digital transformation, the administration also plans to reduce import duties on mobile phones by 25 percent.