Following the declaration of Covid-19 as a global pandemic and the strengthening of measures intended to contain the spread of the infection, the adverse impact on the economy is already being felt.
The President of the Republic of Kenya delivered a speech on 25 March 2020, outlining a number of measures aimed at cushioning Kenyans against the economic effects of COVID-19 pandemic. This announcement has come along with other actions across the globe, as respective governments have come up with various fiscal and monetary measures to mitigate the impact on households and businesses.
Please read through the tax alert that sets out a high-level summary of the measures proposed by the President. If you have any questions around this publication, please reach out to your Deloitte relationship manager or the contacts listed in the publication.
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Press contact(s):
Rebecca Berre
Manager
Growth Office
Deloitte & Touche Kenya
Tel: +254719039033
rberreyeri@deloitte.co.ke
Bitania Ephrem
Senior Manager
Growth Office
Deloitte Consulting
Tel: +255222169232
bephrem@deloitte.co.tz