Finance minister Njeru Githae (pictured) said the government plans to hire 10,000 additional teachers and has set aside Sh1.6 billion to support early childhood education.. PICTURE | FILE: NATION
What you need to know:
The tax measures highlights:
Digital TV migration: Waive duty on gadgets that will set us on this path.
For Kenyans to access affordable health care, Mr Githae proposed zero rating of food supplements.The supplements currently attract a 10pc tax.
To promote bee-keeping, inputs zero-rated
Real estate: KRA to embark on residential areas mapping so that all landlords are rope in for tax collection on rental income
To support private sector especially steel and iron, increase import duty on galvanised wire from zero to 10 per cent.
Other highlights:
KRA will be modernised with a view to setting up Customs Services as an independent entity.
CBK monetary policy will be geared to bringing down inflation to single digits.Kenya expects additional resources from Amisom to complement the defence budget.
Sh17.5bn to the IEBC to conduct a transparent and credible election
Sh3.8bn for Free Primary Education.
Sh233.1bn towards education; additional recruitment of 10,000 teachers. Sh480m for computers in schools.
Sh1bn to Nacada to enforce the Mututho Law to fight drug abuse.
Sh 900m for cash transfers to the elderly
KRA to embark on mapping residential and commercial buildings to rope in landlords into the tax bracket.
Kenya's 2012/2013 budget will give priority to education, health care, agriculture, implementation of constitution and funding of the next General Elections.
Presenting the budget tax measures in parliament on Thursday, Finance Minister, Njeru Githae, said the government plans to hire 10,000 additional teachers to curb the biting shortage. Mr Githae also said Sh1.6 billion has been set aside to support early childhood education.
To sustain the ever rising budget on sustaining war against the Somali-based Al-Shabaab militia, Mr Githae said Kenya expects additional resources from Amisom.
Other highlights:
Sh233.1bn towards education; additional recruitment of 10,000 teachers. Sh480m for computers in schools.
Sh3.8bn for Free Primary Education.
Sh1.45bn for completion of urban commuter railway from airport to central railway station.
Sh268.1bn for various infrastructural projects.
Private sector is key driver of growth. We will expand markets through regional integration and support SMEs.
79bn to the Energy Ministry.
Sh1.4bn to purchase motor vehicles to boost police work. Sh 300m for setting up National Police Commission and Oversight Authority to ensure efficiency of the Police Force.
Measures to implement electronic filing of the Registry at the Land Ministry and other government departments involved in the registration business.
KRA will be modernised with a view to setting up Customs Services as an independent entity.
Road blocks and weigh-bridges will be removed or reduced to a bare minimum to ease movement of goods.
Investment in health, education, agriculture, drought mitigation, General Election will continue to get adequate resources. More coming....
PAYE Tax Calculator
Note: The results are not exact but very close to the actual.
