Treasury relief as Finance Act, 2023 reinstated

A section of Supreme Court of Kenya.

Photo credit: File | Nation Media Group

The Treasury has won a major relief after the Supreme Court reinstated the Finance Act 2023, allowing the government to continue collecting higher taxes using the law amid financial challenges.

The decision has stopped the top rate for Pay As You Earn (Paye) reverting to 30 percent and the VAT on fuel going back to eight percent.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.