Photo. KRA Chairman Anthony Mwaura
The Kenya Revenue Authority (KRA) has announced major changes something that might badly affect workers civil servants. KRA has increased taxes on fringe benefits of all workers in the country to 10 percent.
An example of fringe benefit is where the institution offers loans to workers at lower interest rates than the actual market rate. This will be taxed at 10 percent interest clearly burdening workers further. President Ruto has introduced so many taxes to workers since he assumed office as president.
Here is a link: https://nation.africa/kenya/business/kra-hits-workers-with-fresh-tax-raise-on-benefits–4211324
President Ruto has made it known that the country is not going to run on debts and that’s why the taxes have been introduced. Kenyans are however waiting to know of what unfolds given the prevailing circumstances that has workers badly affected.
KRA has affirmed that all benefits given to workers per diem and imprests will be taxed at 10 percent rate. This clearly puts workers in an awkward place given the high cost of living in the country.
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