{UAH} PRESIDENT UHURU KENYATTA press conference announced the following measures
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9:56 AM |
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PRESIDENT UHURU KENYATTA press conference announced the following measures:
1. 100 per cent tax relief to all persons earning 24,000 and less
2. Reduction of PAYE from 30 to 25 per cent
3. Reduction of corporate tax from 30 to 25 per cent
4. Reduction of turnover tax rate for MSMEs from 3 to 1 per cent
5. An additional Sh10 billion for elderly cash transfers
6. Temporary suspension of CRB listing of any person, MSMEs and corporate entities whose loan account fall due or is in arrears effective April 1, 2020
7. Reduction of VAT from 16 to 14 per cent effective April 1, 2020
8. All ministries and departments to pay Sh13 billion of pending bills within three weeks
9. KRA expedite payment of Sh10 billion VAT relief within three weeks
10. Sh1 billion from UHC kitty be appropriated to recruit additional health workers
11. Voluntary reduction of salaries:
DP and President - 80 per cent
Ministers -30 per cent
PSs-- 20 per cent
12. All state and public officers with pre existing medical conditions or aged 50 and above, serving in Job Group F to take leave or work from home.
Order exclude security sector and other essential services
13. Lowering of Central Bank Rate to 7.25 per cent giving space to cheaper credit.
14. CS Matiang'i delivery committee to be meeting twice weekly to coordinate the fight against Covid-19.
15. Reduce movements and congregation in large groups".
Waiting for President Museveni to put more human caring measures than he has already done. Especially feeding the most vulnerable population, free water, electricity etc
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-- 1. 100 per cent tax relief to all persons earning 24,000 and less
2. Reduction of PAYE from 30 to 25 per cent
3. Reduction of corporate tax from 30 to 25 per cent
4. Reduction of turnover tax rate for MSMEs from 3 to 1 per cent
5. An additional Sh10 billion for elderly cash transfers
6. Temporary suspension of CRB listing of any person, MSMEs and corporate entities whose loan account fall due or is in arrears effective April 1, 2020
7. Reduction of VAT from 16 to 14 per cent effective April 1, 2020
8. All ministries and departments to pay Sh13 billion of pending bills within three weeks
9. KRA expedite payment of Sh10 billion VAT relief within three weeks
10. Sh1 billion from UHC kitty be appropriated to recruit additional health workers
11. Voluntary reduction of salaries:
DP and President - 80 per cent
Ministers -30 per cent
PSs-- 20 per cent
12. All state and public officers with pre existing medical conditions or aged 50 and above, serving in Job Group F to take leave or work from home.
Order exclude security sector and other essential services
13. Lowering of Central Bank Rate to 7.25 per cent giving space to cheaper credit.
14. CS Matiang'i delivery committee to be meeting twice weekly to coordinate the fight against Covid-19.
15. Reduce movements and congregation in large groups".
Waiting for President Museveni to put more human caring measures than he has already done. Especially feeding the most vulnerable population, free water, electricity etc
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"When a man is stung by a bee, he doesn't set off to destroy all beehives"
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