Employers to get tax rebate for giving internships

Employers to get tax rebate for giving internships

As one way of dealing with the rising number of unemployed but educated young Kenyans, the government is enticing employers through a proposed tax rebate.

While presenting the 2015/16 Financial Year budget in Parliament on Thursday, Treasury Cabinet Secretary Henry Rotich said that the government will give rebates to employers who give internship for up to six months if they take up ten young graduates.

At the same time, thousands of street children roaming various towns across the country have also been considered in the Ksh 2.1 trillion budget.

Mr Rotich proposed a Ksh 300 million allocation to the street families.

Other vulnerable groups considered in the social protection allocations include Ksh 2.1 billion for affirmative action, Ksh 9 billion for orphans and other vulnerable children, Ksh 7.4 billion for the senior citizens, Ksh 1.5 billion for persons with disability, Ksh 2.2 billion for slum upgrading and Ksh 1.3 billion to settle the remaining internally displaced persons.

“To improve the efficiency and effectiveness of targeting of the safety net programmes, we shall move all the transfer payments to beneficiaries to a digital platform which should improve transparency, accountability and reduce costs,” noted the Treasury CS.

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