President Uhuru Kenyatta has announced that Covid -19 cases in the Country have increased to 28.
This is after three more cases were reported.
The President said one Patient has fully recovered from the disease.
He said the State will make targeted interventions to cushion Kenyans from the Pandemic.
In order to protect jobs for the people and provide certainty to employers and employees, Uhuru said the National Treasury will move to Parliament to offer immediate relief.
The President said those with disposable income will have a 100 percent tax relieve for salaried employees earning below shs 24,000.
He announced a reduced PAYE reduction from 30 percent to 25 percent
Reduction of resident income tax from 30 percent to 25 percent
Reduction of turnover tax rate from 3 percent to 1 percent for SMEs
Appropriation of shs 10 billion to the elderly, orphans and vulnerable members of society.
Temporary suspension of listing to CRB, SMEs as well as corporate entities whose loan accounts are in areas effective 1st April 2020.
National treasury to reduce VAT from 16 percent to 14 percent from 1st April 2020.
Ministries and departments to pay 13 billion of pending bills within 3 weeks and improve liquidity in the economy
Private sector to clear outstanding payments within themselves in 3 weeks.
KRA to pay refund claims of shs 10 billion within 3 weeks and allow offsetting of withholding VAT to improve cash flows.
1 billion from UHC to be appropriated to recruit additional Health workers.
Voluntary reduction in salaries in senior ranks.
The president and the DP will take a pay cut of 80 percent.
Cabinet Secretaries 30 percent and Permanent Secretaries 20 percent.
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