Parliament adopts tax laws amendment bill

The National Assembly has adopted the tax laws amendment bill that will offer employees earning less than 24,000 shillings a 100 per cent tax relief while those earning over 24,000 will pay a maximum of 25 per cent, down from the current 30 per cent. 

Adopting the President’s proposed economic stimulus, legislators however called for more measures to cushion vulnerable Kenyans who are not formally employed. 

The new tax measures will also cushion the economy as companies will enjoy a reduction of corporate tax from the current 30 to 25 per cent.

The micro, small and medium enterprises will enjoy a reduction of the controversial Turnover Tax (ToT), also known as the patriotism tax, from the current three per cent to one per cent. 

Small businesses will now pay one shilling for every 100 shilling they make in gross sales. 

The house has also removed all taxes imposed on masks in a bid to make the protective gear more affordable to kenyans.

Also read https://www.kbc.co.ke/uhuru-ruto-to-take-pay-cuts-to-free-funds-in-fight-against-coronavirus/

Meanwhile, all members of parliament and members of staff of parliament who underwent voluntary testing for coronavirus have all tested negative.

This was revealed Tuesday afternoon by the Speaker of the National Assembly Justin Muturi.

He also announced that soon, the parliamentary service commission in collaboration with the ministry of health will also organize another phase of voluntary testing for the remaining members of parliament, members of staff as well as contracted companies working in parliament.

Members of parliament while reacting to the communication from the speaker, criticized media houses which ran headlines in their newspapers claiming that some members of parliament had been confirmed positive of COVID-19.

They demanded for an apology from the said  media houses.

 

  

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