Ruto signals tax cuts for workers, land buyers and phone users

President William Ruto signalled tax measures on Tuesday aimed at boosting disposable incomes. Workers earning less than Sh32,333 a month would benefit from reduced income tax; at that salary level, monthly tax would be Sh2,083. Land transactions worth less than Sh1 million would be exempt from stamp duty, saving buyers Sh40,000 in urban areas and Sh20,000 in rural areas. Ruto also signalled the scrapping of the 25 percent import duty on phones.