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Kenya Bankers Association (KBA) CEO Raimond Molenje. PHOTO/KBA.
Analytical Piece
Banks Propose 5% PAYE Cut and 30% Top Rate Cap
Zipporah Odionyi February 5, 2026

The Kenya Bankers Association (KBA) has proposed a 5% reduction in Pay As You Earn (PAYE) tax across all bands and recommended capping the top rate at 30% to boost economic growth. In a statement, KBA said it supports the decision by President William Ruto to exempt Kenyans earning up to Ksh 30,00 from PAYE

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Kenya Bankers Assocition Head Office. PHOTO/KBA
News
Relief in Sight as Banks Call for 5% PAYE Cut Across All Tax Bands
Emmanuel Rono February 4, 2026

The Kenya Bankers Association (KBA) has proposed a uniform 5% reduction in Pay As You Earn (PAYE) tax rates across all income bands, arguing that the move is essential to restore purchasing power, stimulate economic growth, and strengthen government revenue. The proposal, aimed at the 2026/2027 fiscal cycle, comes as a direct response to a

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