Home | Olahraga | Nasional | Internasional | kontak | Tentang kami
Misterseed.com – Iko nini bwana seed
Skip to content Skip to sidebar Skip to footer

Key highlights of the 2021/22 budget allocations

National Treasury Cabinet Secretary Ukur Yatani at Parliament buildings ahead of the reading the 2021/2022 budget on June 10, 2021.
Government Expenditure and Net Lending – Sh3.03 trillion
Ministerial Recurrent Expenditure – Sh1.27 trillion
Ministerial Recurrent Expenditure include Judiciary –  Sh15.6 billion and Parliament Sh35.8 billion
Ministerial Development Expenditure – Sh669.6 billion
Interest Payments and Pensions – Sh697.5 billion
Contribution to civil servant pensions – Sh20.8 billion
Equitable share to Counties – Sh370 billion
Supporting Manufacturing for job creation  – Sh20.5 billion
Enhancing Food and Nutrition Security to all Kenyans  – Sh60 billion
Providing Universal Health coverage to guarantee quality and affordable healthcare to all Kenyans – Sh47.7 billion
Provision of Affordable and Decent Housing for all Kenyans – Sh13.9 billion
Economic Recovery Strategy – Sh23.1 billion
Enhanced security for stability, investment and growth – Sh302.1 billion
Investing in infrastructure to unlock growth potential – Sh310.7B billion
Enhancing access to quality education outcomes – Sh202.9 billion
Environment management and protection, flood control and water harvesting – Sh93.2 billion
Equity, poverty reduction & social protection for vulnerable groups – Sh103.4 billion
Leveraging on Information, Communication and Technology – Sh23 billion
Sh409.8 billion – Transfer to County Governments Including: Equitable Share Sh370billion and Conditional Allocation Sh39.8 billion


Customs Measures

  • Finished Iron and steel products to be imported at 25 per cent or corresponding specific rate;
  • Import duty on leather and footwear products at 25 per cent or corresponding specific rate;
  • Unassembled motorcycles at 10 per cent under Duty Remission Scheme.
  • Inputs used in textile and apparel sector at 0 per cent under the Duty Remission Scheme;
  • Import duty on furniture products at 35 per cent duty rate;
  • Inputs for manufacture of baby diapers at 0 per cent under Duty Remission Scheme;

Value Added Tax Measures

VAT exemption on Health Products and Technologies to boost health sector.
  • VAT exemption on goods used in geothermal, oil and mining projects.
  • VAT exemption on equipment for generation of solar and wind energy.
  • Transitional VAT exemption on goods used in power generation under power purchase agreements
  • VAT exemption for asset transferred to Real Estate Investment Trusts and Asset Backed Securities
  • Bread exempt from VAT instead of being both exempt and zero rated.

Excise Duty Measures

  • Rebate on excise duty paid on internet data services purchased in bulk for resale.
  • Excise duty on locally manufactured sugar confectionary and white chocolate.
  • Removed excise duty on imported glass bottles.
  • Changed excise duty rate on Motorcycles from Sh11,608.23 per unit to 15 per cent.
  • Excise duty on nicotine pouch at Sh5,000 per kg.
  • Excise duty on betting at 20 per cent of amount wagered.

Income Tax Measures

  • Removal of limitation for carrying forward of losses under Section 15(4) of income Tax Act
  • Thin capitalisation rule changed from debt-to-equity ratio to 30 per cent of earnings before interest, taxes, depreciation and amortization.
  • National Health Insurance Fund to qualify for insurance relief.
  • Tax rebate extended to employers engaging TVET graduates as apprentice.
  • Management and professional fees under the extractive sector harmonized with service fees, in the same sector, at 10 per cent.

Fees and Levies

  • Import Declanration Fee (IDF) and Railway Development Levy (RDL) exemption on goods in imported public interest, or to promote investment above Sh5 billion. – nation.co.ke

Mari bermain judi slot online pada situs nexus slot untuk mendapatkan kemudahan dalam permainan slot online, karena slot nexus engine memiliki sistem yang sangat aman dan nyaman, sehingga anda bisa mulai mendaftar dan bermain slot online Google