By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Newsunplug KenyaNewsunplug KenyaNewsunplug Kenya
  • News
    • Metro
    • Politics
    • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
Reading: Finance Bill 2025 to support spirit of enterprise, productivity – Ruto
Share
Notification Show More
Font ResizerAa
Newsunplug KenyaNewsunplug Kenya
Font ResizerAa
  • News
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
  • News
    • Metro
    • Politics
    • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Newsunplug Kenya > Blog > News > Finance Bill 2025 to support spirit of enterprise, productivity – Ruto
News

Finance Bill 2025 to support spirit of enterprise, productivity – Ruto

new5nuke
Last updated: May 1, 2025 11:00 am
new5nuke
3 months ago
Share
SHARE

Finance Bill 2025 will support entreprise and productivity in Kenya, President William Ruto has assured.

In his Labour Day speech, the Head of State said the Bill, approved by Cabinet on Tuesday, seeks to “stimulate economic growth, deliver efficiency, enhance competitiveness, and expand opportunity.”

“In fact, its provisions are designed to offer targeted relief to both businesses and workers, and to support the spirit of enterprise and productivity,” Ruto told Kenyans.

The President also announced plans to improve workers after tax pay by enabling employers to apply eligible tax reliefs and exemptions directly when calculating the Pay As You Earn (PAYE).

This will be a change from the current system, where the tax reliefs can only be claimed from the Kenya Revenue Authority after filing tax returns.

“This will increase efficiency and immediately benefit employees,” noted the President.

During the fete, the President also announced that Kenya will ratify two conventions of the International Labour Organisation (ILO) to realise protection of all workers.

The Head of State declared that ILO Convention 189 of 2011 and 190 of 2019 will be ratified by next year.

READ MORE  'America is not an authoritarian nation but order must prevail' - US president Joe Biden finally reacts to anti-Gaza protesters shutting down American Universities (video)

The ILO Convention 189 seeks to safeguard the dignity and rights of domestic workers, while convention 190 seeks to eliminate violence and harassment in the world of work.

Here, Ruto also drummed up support for the affordable housing project, health insurance and pension deductions which have recently minimized the take-home pay of Kenyan workers.

Ruto urged Kenyans to look at the long term benefit of the salary deductions.

EACC, ODPP In Court Clash Over Ksh.42.7 Billion Graft Case
Douglas Kanja is appointed Inspector General of Police by Ruto.
Son Of Ex-Athletics Supremo Diack Sentenced To Five Years Imprisonment Due To Corruption
We are collaborating with investors to build a new airport in Ruto; JKIA is not for sale.
The CEO of an anti-doping organization discusses the financial difficulties, saying, “Unpaid rent since July and disconnected internet.”
Share This Article
Facebook Email Print
Previous Article Don’t dare take credit for Uhuru’s projects in Mt Kenya, Gachagua tells Ruto
Next Article #UCL: Raphinha breaks Lionel Messi’s record in Barça’s 3-3 draw with Inter Milan
about us

We influence 20 million users and is the number one business and technology news network on the planet.

Recent Posts

  • Embu erupts in protest as MP Gitonga Mukunji’s arrest sparks chaos
  • Club Madness! This well-endowed Slay Queen turned heads in a club with her daring outfit – Men were drooling (VIDEO)
  • Securing the Bag! LUO LADY sparks buzz as she shows off her elderly mzungu lover (VIDEOs)
  • Couple m8rdered in their retirement home in Uganda after spending over 30 years in Switzerland
  • Court gives DPP final chance to provide evidence in Ksh.350 million fraud case

Recent Comments

No comments to show.
Newsunplug KenyaNewsunplug Kenya
© Newsunplug Kenya. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?