Skilled job hires lift bank staff taxes to 3-year record
The Times Tower in Nairobi which houses the headquarters of the Kenya Revenue Authority (KRA). A court has ordered the Kenya Revenue Authority to pay a former employee Sh15 million in compensation for unlawfully dismissing him before rescinding the decision and retiring him in the public interest.
The tax collected from bank workers hit a three-year high last year, propelled by a shift in which lenders are hiring higher-salaried skilled employees to support accelerated automation of services.
Data compiled by consultancy PricewaterhouseCoopers (PwC) on behalf of the Kenya Bankers Association shows that pay-as-you-earn (Paye) tax collections from employees of 38 banks hit Sh29.19 billion in 2021, up from Sh17.9 billion the previous year —the highest since 2019.
