PwC Kenya, in collaboration with the Kenya Bankers Association, has launched the 2025 Total Tax Contribution Report for Kenya’s banking sector. Now in its seventh edition, the report provides a broader view of the sector’s contribution to Kenya’s public finances by examining both taxes borne directly by banks and taxes collected and administered on behalf of the Government.
The 2025 study covered 31 commercial banks and 2 microfinance institutions, representing an estimated 96.9% of the sector by net assets.
For the first time since the study began, the total tax contribution of the banks exceeded KES 200 billion, reaching KES 205.58 billion in 2025. This represents a 5.53% increase from 2024 and is equivalent to 8% of total government receipts collected from just 33 taxpayers.
This is also the first time that taxes collected by the banks as an agent of government have exceeded the taxes borne. This demonstrates the continued reliance on the sector not only to pay its own taxes, but to collect and administer agency taxes such as PAYE, withholding tax and excise duty on behalf of the government.
Beyond the sector’s tax contribution, the report examines the composition and trends in taxes borne and collected, the value distributed to government, employees and shareholders, and the growing cost and complexity of tax compliance.
The findings are intended to support informed dialogue on tax policy and sustainable revenue mobilisation, including the need for a tax environment that is efficient, predictable and supportive of sustainable economic growth.
Read the full report to explore the data, trends, and policy insights.
