Ruto Announces Tax Cuts for Low-Income Earners, Land Buyers, and Mobile Money Users
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Insights by Echo AI
President William Ruto has announced tax cuts for various sectors of the economy. Workers earning less than Sh32,333 will have their income tax reduced, with those earning the minimum wage paying Sh2,083 monthly. Additionally, land transactions below Sh1 million will be exempt from stamp duty, and a 25% import duty on phones will be scrapped. The President aims to boost disposable incomes through these measures.
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