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Signing ceremony in Lisbon between Kenya 🇰🇪 and Portugal 🇵🇹 for avoidance of double taxation done Tuesday 10th, 2018.

 

Signing was done at the Ministry of Foreign Affairs of Portugal in Lisbon. It was signed by Cabinet Secretary, National Treasury &Planning Henry Rotich and António Mendonça Mendes, Secretary of State of Tax Affairs, Portugal and witnessed by Teresa Almeida, Secretary of State of Foreign Affairs and Cooperation, Portugal.

 

Avoidance of double taxation will create a conducive environment for investments and trade in goods and services between the countries by removing uncertainties on taxation occasioned by having two different jurisdictions at play.

 

 

Nairobi, June 15, 2018

 

 

National Treasury and Planning Cabinet Secretary, Henry Rotich flanked by among other, Chief Administrative Secretary, Nelson R. Gaichuhie (2nd Left), Principal Secretary, Dr Kamua Thugge, National Treasury (2nd right) and Principal Secretary, Planning, Dr. Julius Muia, addresses the Press on Thursday, June 14, 2018 after presenting the 2018 – 2019 Budget Estimates of about 3 trillion at the National Assembly in Nairobi. The East frican Community member states: Tanzania, Uganda and the others, also presented their budget estimates for 2018 - 2019. 

 

 

PUBLIC NOTICE

 

THE DRAFT FINANCIAL MARKETS CONDUCT BILL, 2018

 

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The Government recognizes that a competitive and well-functioning retail and financial sector is vital to the economy. In this regard, the National Treasury has reviewed the challenges in the consumer credit and market conduct and has developed a draft Financial Markets Conduct Bill, 2018. The draft Bill aims at creating an effective financial consumer protection, make credit more accessible and at the same time supports financial innovation and competition.

 

 

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The Climate Change Fund (CCF) establishment is provided for under Section 25 of the Climate Change Act, 2016 as a financing mechanism for the priority climate change actions and interventions.

 

The National Treasury has finalized preparing the draft Public Finance Management (Climate Change Fund) Regulations, 2018 which have been posted to the National Treasury website www.treasury.go.ke.

 

 

Nairobi, June 14, 2018

 

 

 

 

The National Treasury and Planning Cabinet Secretary, Henry Rotich arrives and welcomed by Senior Deputy Clerk, National Assembly, Michael Sialai at the the National Assembly before he presents his  2018 – 2019 Budget Estimates of Sh 2,550.5 billion today, June 14, 2018. 

 

 

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1. Hamad Al-Omar, Deputy Director, the Kuwait Fund for Arab Economic
Development (KFAED) and Mr. Henry Rotich, Cabinet Secretary, the
National Treasury and Planning sign for approximately Ksh. 20 billion
loan agreement for the expansion of Modogashe- Wajir Road Project at
the Treasury Building today. The total cost of the road will be
approximately Ksh. 120 billion. Standing on the left is Moses Kanagi,
National Treasury Deputy Director, Resource Mobilization and on the
right is Mr.Ayad E. Al- Gharablli, Regional Manager, Central, East
and South African Countries KFAED.

 

 

Nairobi, June 29, 2018

 

 

Treasury CS Henry Rotich sign an MOU with US Undersecretary for Commerce Mr Gilbert Kaplan at Treasury Building today where US companies will collaborate with the Government of Kenya in implementation of the big 4 Agenda of Jubilee government.

 

Some of the already identified projects are the 500,000 affordable housing units to be put up in the next four years, the leasing of health equipment and the road from Mombasa to Nairobi.

 

Mr Kaplan is leading a big delegation from the United States of America comprising of the US President's Advisory Council for doing business in Africa, US Private Sector players and the US government officials.

 

Present to witness the signing was the US Ambassador to Kenya Mr Robert Codec.

 

 

PUBLIC NOTICE

 

THE DRAFT INCOME TAX BILL, 2018

 

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The National Treasury has reviewed the Income Tax Act, (CAP.470) in order to make it productive, simple to comply with, supportive to the Big Four agenda and the growth of the economy as well as embracing international best practice aligned with changes in the present business environment.

In order to ensure wide consultation and public participation as stipulated in the Constitution of Kenya, 2010, the National Treasury invited institutions, organizations and individuals to make submissions to facilitate the review of the Income Tax Act. The contributions received from stakeholders have been taken into account.

 

 

Nairobi, June 26, 2018

 

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From Left to Right: Cabinet Secretary Devolution and Arid and Semi Arid Lands (ASAL),  Eugene Wamalwa,   Cabinet Secretary  National Treasury and Planning , Henry Rotich  and United Nations Resident Coordinator /UNDP RR, Mr Siddharth Chatterjee officially sign United Nations Development Assistance Framework for Kenya (UNDAF) 2018 - 2022  today, June 26, 2018 at Panafric Hotel in Nairobi.

 

 

Nairobi, June 12, 2018

 

Cabinet Secretary for National Treasury, Henry Rotich (2nd right) and Senior Minister of State, Ministry of Trade and Industry of Singapore, Dr Koh Poh Koon (2nd Left) sign the agreement on Avoidance of Double Taxation (DTA) and the agreement on the Promotion and Protection of Investment between Kenya and Singapore today, June 12, 2018 at the National Treasury Building in Nairobi. The signing was witnessed by the Deputy Prime Minister and Coordinating Minister for Economic and Social Policies of Singapore, Mr Tharman Shanmugaratnam (Left) and the Kenyan Ambassador to Singapore Willy Bett, among others.

 

Nakuru, May 10, 2018

 

 

Principal Secretary for National Treasury, Dr Kamau Thugge delivers the keynote address today, May 10, 2018 when opening the first Development Effectiveness Group (DEG) Retreat meeting at Lake Nakuru Lodge. The theme of the meeting is “Implementing Development Effectiveness Commitments in the context of the 2030 Agenda for Sustainable Development”. During the meeting the DEG Strategic Plan 2018 – 20122 (which incorporates Framework on domestication of Nairobi Outcome Document of Second High Level Meeting of Global Partnership for effective Development Cooperation) was launched. Among other objectives of the meeting is to review Kenya’s performance in the 2016 Second Monitoring Round of the GPEDC and agree on commitments for implementation.

 

 

Nairobi, June 21, 2018

 

 

Cabinet Secretary, National Treasury and Planning, Mr. Henry Rotich (2nd Right) and Director General /Chief Executive Officer, French Development Agency (AFD), Mr. Remy Rioux (3rd left) sign Credit Facility Agreements on June 21, 2018 at the National Treasury building in Nairobi. Witnessing the signing are among others: Cabinet Secretary for Water and Sanitation, Mr Simon Chelugui (Right) and the French Ambassador to Kenya , Mrs Kim Ramoneda (2nd Left).  
 
 

 

IN EXERCISE of the powers conferred by section 24(4) of the Public Finance Management Act, 2012, the Cabinet Secretary for the National Treasury and Planning makes the following Regulations:

 

Download the DRAFT PUBLIC FINANCE MANAGEMENT (BIASHARA KENYA FUND) REGULATIONS, 2018 here!

 

 

The budget books for the Financial Year 2018-2019 are now available for download here.

 

 

Nairobi, June 21, 2018

 

 

 

 

 

Cabinet Secretary, National Treasury and Planning, Mr. Henry Rotich (2nd Right) and Director General /Chief Executive Officer, French Development Agency (AFD), Mr. Remy Rioux (3rd left) sign Credit Facility Agreements on June 21, 2018 at the National Treasury building in Nairobi. Witnessing the signing are among others: Cabinet Secretary for Water and Sanitation, Mr Simon Chelugui (Right) and the French Ambassador to Kenya , Mrs Kim Ramoneda (2nd Left).  
 
 

 

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PRESS RELEASE ON BUDGET 2018-2019

 

This is to notify the general public that the Budget Statement for the Fiscal Year 2018/19 Budget will be delivered to Parliament by the Cabinet Secretary, National Treasury and Planning, at the Parliament Building on Thursday, the 14th June, 2018 at 3:00p.m.

 

DR. KAMAU THUGGE, CBS
PRINCIPAL SECRETARY/ NATIONAL TREASURY

 

5th June, 2018

 

 

Nairobi, April 9, 2018

 

 

Francis Anyona, Director of Budget, National Treasury makes a presentation on the operations of the National Treasury to 46 students under the Pupils Rewards Scheme (Pures) programme from various national schools when they visited the National Treasury today, May 9, 2018.  The scheme is a mentorship programme under the Presidency that takes best candidates in Kenya Certificate of Primary Education (KCPE) countrywide. The Programme was launched by President Uhuru Kenyatta and First Lady Margaret Kenyatta in 2015. Yesterday the Ethiopian Prime Minister, who was on a three-day visit to Kenya praised the PURES programme as a noble idea that other African leaders need to emulate.

 

 

Nairobi, June 19, 2018

 

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The National Treasury and Planning Cabinet Secretary, Henry Rotich (Right) greets other participating officials after cutting a ribbon to officially launch the Public-Private Partnership (PPP) Projects Disclosure Web Portal Launch today, June 19, 2018 at Intercontinental hotel in Nairobi. The National Treasury, through the PPP Unit, is responsible for the overall coordination, promotion, and oversight of the implementation of the PPP program in the country, according to Kenya PPP program status report June 2018, which states that there are 72 PPP Projects in the pipeline.

 

 

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PRESS RELEASE ON BUDGET 2018-2019

 

As you are aware, the Cabinet Secretary for the National Treasury and Planning, Mr. Henry Rotich will be delivering the Budget Statement for the FY 2018/19 to Parliament on 14th June 2018. While finalizing the Statement, the Cabinet Secretary would appreciate contributions and ideas on policy and tax measures from Kenyans for the FY 2018/19 Budget.