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County Assembly Passes Finance Bill

In a move aimed at making the business environment friendlier to investors, the County Assembly of Kitui approved a new finance bill.
Finance and Economic Planning committee chairperson Munyoki Mwinzi [Kyuso]. He called on the County Assembly and Treasury to work together in boosting working environment for businesses. This include tax incentives and issuing tax compliance awards to motivate traders.

While moving the report,  the Committee on Finance and Economic Planning Chairperson Munyoki Mwinzi (Kyuso MCA)called on County Treasury to work with the Assembly in putting in place tax incentives like waivers of penalities, paying in installments and tax compliance awards to recognize and motivate the traders.

Some of the recommendations approved by the Kevin Kinengo-led legislative body were reduction of land rates in Mwingi and Kitui municipalities from 2 per cent of land value to 1.5 per cent of land value and from 1.5 per cent to 1 per cent of the land value in all sub county headquarters and upcoming commercial and trading centres.

The county has increased charges of miraa/kangeta or muguuka(khat) transportation with its jurisdiction from KSh 20,000 to KSh 40,000 to discourage its consumption.

Illegal sand harvesters will be slapped with a fee of KSh 150,000 per vehicle per trip. This will be a raise from KSh 100,000 per vehicle per trip.

To encourage entrepreneurship and forster hustling spirit amongst the population, charges of motorbike spare parts have been reduced. Bodaboda riders have been a key driver of the economy not due to their convenient and availability. They are a key source of employment.


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