We offer News about Kenya more, and sometimes News from other parts of the world.
We also update you on safari holiday in Kenya.
Uhuru, Ruto take 80% pay cut in wake of economic crisis caused by Covid-19
Get link
Facebook
X
Pinterest
Email
Other Apps
President Uhuru Kenyatta and his deputy William Ruto will take an 80% pay cut as the country grapples with the Covid-19 pandemic.
“My government has offered a voluntary salary reduction to senior government officials,” Uhuru said.
Cabinet Secretaries will take a 30 per cent pay cut, as will Chief Administrative Secretaries.
Uhuru has also directed the Treasury to offer 100 per cent tax relief for persons earning a gross income of Sh24000.
Pay As You Earn (PAYE) tax will also be reduced from 30 per cent to 25.
"There will be a reduction of the income tax rate from its maximum of 30 to 25 per cent," he said.
These recommendations are subject to approval.
Uhuru recommended a reduction of corporation tax from 30 per cent to 25 per cent.
"There will also be a reduction of the turnover tax rate from three per cent to one percent," he said.
Uhuru also suspended the listing on CRB of any persons in micro small or medium enterprises whose loan accounts were due or in arrears, effective April 1.
Uhuru, Ruto take 80% pay cut in wake of economic crisis caused by Covid-19
In Summary
•Uhuru said a reduction of coporation tax from 30 per cent to 25 per cent. A reduction of the turnover tax rate from three per cent to one percent.
President Uhuru Kenyatta and his deputy William Ruto will take an 80% pay cut as the country grapples with the Covid-19 pandemic.
“My government has offered a voluntary salary reduction to senior government officials,” Uhuru said.
Cabinet Secretaries will take a 30 per cent pay cut, as will Chief Administrative Secretaries.
Uhuru has also directed the Treasury to offer 100 per cent tax relief for persons earning a gross income of Sh24000.
Pay As You Earn (PAYE) tax will also be reduced from 30 per cent to 25.
"There will be a reduction of the income tax rate from its maximum of 30 to 25 per cent," he said.
These recommendations are subject to approval.
Uhuru recommended a reduction of corporation tax from 30 per cent to 25 per cent.
"There will also be a reduction of the turnover tax rate from three per cent to one percent," he said.
Uhuru also suspended the listing on CRB of any persons in micro small or medium enterprises whose loan accounts were due or in arrears, effective April 1.
"..this is to protect jobs for our people and uncertainty for employers.." he said.
Addressing the nation on Wednesday from the State House, Nairobi, the President asked Kenyans to join hands with the government to fight the pandemic.
The President said that Sh1 billion from the Universal Health kitty will be directed to recruit more health officers to mitigate the spread of the virus.
The Head of State has further ordered 100 per cent tax relief to Kenyans earning less than Sh24,000.
He also ordered the reduction of the turn over tax rate for Micro and Small Media Enterprises to one per cent from the current three per cent.
As of this August, more than 90 percent of safari tour operators have reported losing 75 percent or more of their annual business due to Covid-19. The pandemic has dealt a devastating blow to an industry that was booming just six months earlier. As country after country went into lockdown and emergency quarantine protocols were put in place, lodges had to put a halt to safaris —not just because customers weren't making new reservations, but also because scheduled safaris were consistently canceled. Tony Mobile Safari in Botswana lost more than 150 expected customers. Mankwe Wildlife Reserve in South Africa saw every customer cancel. Mofeg Travel and Tours in Ghana normally operates seven tours annually; this year, it was only able to have one . And tourists aren't the only ones affected by the safari industry's pause. Jarryd du Preez , a safari ranger at South Africa's Phinda Private Game Reserve for tour company...
South Africa’s supermarket group, Shoprite Holdings, has announced plans to sell or close its remaining two stores in Kenya by the end of December. The supermarket group said it will be leaving the East African country two years after it began operations in the country. On Tuesday, the company said its Kenyan business had underperformed. “Kenya has continued to underperform relative to our return requirements,” the company said after posting a 16.6 per cent rise in annual group earnings. The South African firm has renegotiated 48 rental agreements by either reducing rent payments or converting them to local currency, Chief Executive, Pieter Engelbrecht, said. The group has also restricted capital allocations to its supermarkets outside South Africa, as part of an ongoing review of its operations in Africa. Shoprite, while declaring final dividend of 227 cents per share, said it had traded ahead of expectations since the beginning of July. The company said the decision to exit Ken...
Lake Nakuru National Park, in Central Kenya, is famous for its huge flocks of pink flamingos. The birds throng on Lake Nakuru itself, one of the Rift Valley soda lakes that comprises almost a third of the park's area. The park was established in 1961, and more than 450 species of birds have been recorded here, as well as a rich diversity of other wildlife. Lions, leopards, warthogs, waterbucks, pythons, and white rhinos are just some of the animals you might see, and the landscapes range from sweeping grasslands bordering the lake to rocky cliffs and woodland. The park also protects the largest euphorbia candelabrum forest in Africa. These tall, branching succulents are endemic to the region and provide an interesting textural element to the arid landscapes.
Comments
Post a Comment