Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
Payroll taxes stall as employers cut back hiring, recruit casuals
About 90 percent of jobs created were from the largely unregulated informal sector, underlining the difficulties of corporate Kenya in creating quality employment for thousands of graduates leaving universities and colleges annually.
Collections from payroll taxes in the financial year ended June 2025 grew at the slowest pace since the Covid pandemic, exposing challenges in Kenya’s job market, which is struggling to create new opportunities and raise pay.
Fresh numbers from the National Treasury show receipts from pay-as-you-earn (Paye) on workers’ salaries, wages, and allowances—the single largest source of tax revenue—grew to Sh560.50 billion from Sh554.65 billion in the year ended June 2024.
