With a budget deficit of Sh835 billion, Treasury Cabinet Secretary Ukur Yatani had very little good news for millions of Kenyans rendered jobless by the Covid-19 pandemic. The rate of import duty on paper and paperboard products has also been maintained at 25 per cent to protect local manufacturers. The EAC also exempted from import duty supplies for diagnosis, prevention, treatment and management of epidemics, pandemics and health hazards. Kenya introduced a simplified monthly rental income tax in 2016 to enhance tax compliance among landlords. This will include Sh1.1 trillion for recurrent expenditure, while the development budget for the Executive has been allocated Sh632.8 billion.

Source: Daily Nation June 12, 2020 06:00 UTC