Nairobi, Oct. 22 -- An extra 362,846 formal sector workers will be exempted from paying taxes under the ongoing review of income taxes that will see those earning over Sh50,000 pay more.

Treasury Cabinet Secretary John Mbadi says fresh proposals will amend current income tax bands and raise the threshold of untaxed income from Sh24,000 to Sh32,333, which will trigger the removal of the Sh2,400 relief available to all workers.

Published by HT Digital Content Services with permission from Business Daily....