It’s been a minute. Here is my statement in regards to what is happening at @keroche_ltd:

I wish to start by commending the Jubilee Government for the commendable work done during its two terms…

#Thread

This is evident from the peace the country has enjoyed and the big-ticket projects completed on the infrastructure front not forgetting the growth of the economy from a low of 3% to about 6%.

However, mid-stream the second term of the government, an unprecedented global pandemic in the name of Covid 19 hit the whole world. To be precise, the first case of Covid 19 was diagnosed in Kenya in March 2020.

The effects of the pandemic were not only on loss of lives but serious erosion of the business environment leading to closure of businesses, loss of employment and the attendant income among other effects.

The GOK put some temporary measures in an attempt to mitigate the effects of Covid 19. Some of the measures included reduction in standard VAT rate from 16% to 14%, Corporate tax rate from 30% to 25% and pushing up the minimum taxable threshold for individuals for PAYE purposes.