During President Kenyatta’s state address he made several announcements on what the govt has put in place to combat coronavirus… Among them:
🔥Covid-19: National Treasury moves to Parliament to offer
- Increased disposable income. Tax relief for persons earning a gross monthly income for persons earning up to 24k.
- Reduction of PAYE from 30 percent to 25 per cent.
- Reduction of corporate tax from 30 per cent to 25 percent
- Reduction of turn over tax rate from 4 to 3 per cent.
- Temporary suspension of the listing with the CRB for SMEs, Firms effective 1st April 2020 (April fools day)
🔥National Treasury to reduce VAT from 16 to 14 per cent.
🔥KRA to expediate the payment of all VAT refund claims within 3 weeks.
🔥Ksh1 billion be released for recruitment of additional health workers to support in the management of Covid-19
🔥Voluntary reduction in salaries of senior ranks of GoK officials
Presidency – 80 percent
CS – 30 percent
CAS – 30 percent
🔥President Kenyatta says curfew will be as from Friday 27th March 2020 from 7pm to 5am.
