The Finance Act 2023 introduces significant changes in the financial landscape, including updates on New Tax bracket, income tax reforms, and implications. Here are the highlights of the Act
| Monthly Bands of Taxable Income (KES) | Tax Rate |
|---|---|
| 0 – 24,000 | 10% |
| On the next 8,333 | 25% |
| On the next 467,667 | 30% |
| On the next 300,000 | 32.5% |
| On amounts over 800,000 | 35% |
| Personal Relief: KES 2,400.00 per month | |
| Minimum Taxable Income: KES 24,001.00 per month | |
