The proposal to cut payroll taxes for low-income earners had been mulled before the start of a new Middle East war at the end of February 2026.
By
Kepha Muiruri
Business Reporter
Nation Media Group
Fuel tax cuts following the Iran war and fear of Sh35 billion revenue hole forced the Treasury to backtrack on the pledge to include income tax cuts for salaried workers earning below Sh50,000 in the Finance Bill.
Charities say energy companies, banks and defence companies stand to benefit from the economic fallout
BEIRUT: Lebanon’s finance minister defended on Tuesday his government’s decision to raise taxes to finance a hike in public…
It will mean £140 more in tax for hundreds of thousands of earners
The price of oil has skyrocketed since the war in Iran began and the UK economy is predicted to see a drop in growth
ISLAMABAD: Pakistan announced significant income tax relief for low- and middle-income earners on Tuesday as it presented its…
As the Middle East war tests business resilience, companies must account for the tax, gratuity and legal implications of…
Zanzibar ministry targets PPP reforms with Sh27 billion budget plan
