Sharp Daily
No Result
View All Result
Friday, December 12, 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

Rural banking expansion: how financial literacy drives economic inclusion in Kenya

November 20, 2025

Steps banks can take to align with fair lending practices

August 7, 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

News

Behavioral finance: Emotions that move the market

December 12, 2025
News

The rise of financial therapy and money coaches

December 12, 2025
News

Role of financial inclusion in reshaping investments market

December 11, 2025
News

How investment clubs(chamas) support wealth building

December 11, 2025
News

Cedarwood hotels placed under KCB management in rescue effort

December 11, 2025
News

Kenya grants Gulf Energy incentives, tax exemptions to hasten Turkana oil plan

December 11, 2025

LATEST STORIES

Behavioral finance: Emotions that move the market

December 12, 2025

The rise of financial therapy and money coaches

December 12, 2025

Role of financial inclusion in reshaping investments market

December 11, 2025

How investment clubs(chamas) support wealth building

December 11, 2025

Financial literacy for retirement

December 11, 2025

Post-Retirement Medical Funds in Kenya

December 11, 2025

Kenya T-Bill yields drop after CBK interest rate cut

December 11, 2025

How state aid is hurting Kenya’s private sector

December 11, 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