Sharp Daily
No Result
View All Result
Tuesday, May 13, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

Treasury PS refutes claims that Kenyans are overtaxed

Brenda Murungi by Brenda Murungi
February 21, 2024
in News
Reading Time: 2 mins read

Treasury Principal Secretary Chris Kiptoo has countered the prevailing public sentiment suggesting that Kenyans are burdened with excessive taxes. He asserts that the issue lies more in the lack of guidance and patriotism  among citizens when fulfilling their tax obligations.

Speaking on Tuesday at a Parliamentary Group meeting chaired by President William Ruto in Naivasha, PS Kiptoo stated that Kenya maintains a favourable tax rate in comparison to other countries.

While reiterating that there is a need for the country to raise its own revenues for development, Kiptoo said there is a need to carry out more education and awareness to demystify claims that Kenyans are being overburdened by taxes, as that was the case.

“We seemed to have lost this story around taxation where people are saying we are overtaxed. I don’t think we are, especially if you do a comparison with other countries,” noted the PS

RELATEDPOSTS

Treasury admits KES 73 billion budget error, seeks parliament’s approval for correction

March 7, 2025

Treasury proposes taking over CBK’s role in managing government securities

January 23, 2025

Kiptoo went on to compare paying taxes to the increasing number of Harambe’s held countrywide for different occasions, insinuating that they were an indication of the people’s financial capabilities.

“Every weekend everybody is paying for Harambee (Fundraising) and is doing so willingly. If you don’t struggle to give for fundraising, how come when it comes to paying taxes we have to struggle? We need patriotism because paying taxes is good for us,” He questioned

The Principal Secretary further highlighted that a significant portion of the Kenyan population is failing to fulfill their tax obligations as mandated by law.

He noted that while 20 million individuals possess registered Personal Identification Numbers (PINs), only 8.5 million are actively engaged in tax-paying activities. Furthermore, not all of these active individuals are consistently paying their taxes.

Previous Post

Bolt set to undertake vehicle financing for over 1000 drivers

Next Post

Televangelist and Ekeza Sacco founder Gakuyo arrested at JKIA

Brenda Murungi

Brenda Murungi

Related Posts

Agriculture And Economy
News

Lets get Kenya out of FATF list

May 9, 2025
News

The downside of Impact Investing

May 2, 2025
News

Leadership challenges at the University of Nairobi

April 24, 2025
News

Easter eggs and earnings: Growing your nest egg with CMMF

April 16, 2025
News

Geoffrey Ruku declares KES 377M net worth during CS vetting

April 15, 2025
News

Butere girls teacher accused of altering play script with political content

April 14, 2025

LATEST STORIES

Structuring private equity deals in Kenya

May 13, 2025

Money market funds: Smart saving and investing in Kenya

May 13, 2025

Kenya in May: Safari, coastline & deals you shouldn’t miss

May 13, 2025

Public Health Spending expected to grow in line with ethical development goals

May 13, 2025

NBA: Knicks, Pacers, Timberwolves near conference finals

May 13, 2025

Lets build roads not rails

May 13, 2025

A KES 6.4 million real estate heartbreak in Syokimau

May 12, 2025

Kenya’s moral commitment amid the rising refugee population

May 12, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024