Thread by @KAM_Kenya

#KPMGManufacturingSurvey

71% of manufacturers indicated that the zero income tax on salaries of less than KSh 24,00 was the most helpful whereas the least helpful economic measure was the reduction of VAT from 16% to 14%

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#KPMGManufacturingSurvey

Impact of #COVID19 on SMEs: challenges in access to finance, greater cash flow constraints and bigger drop in demand and turnover

#KAMCares

#KPMGManufacturingSurvey

81% of manufacturers are not likely to collapse due to the impact of #COVID19. 76% of SMEs are not likely to collapse. 64% have put in place mitigation measures with 80% being resilient based on past experience.

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#KPMGManufacturingSurvey
Recommendations to further cushion industry: clearing outstanding VAT refunds & pending bills, re-evaluating tax reliefs, establishing an emergency rescue fund, re-evaluating regulatory overreach, & developing a comprehensive rebound strategy.

#KAMCares

Click the following to read the full report>> kam.co.ke/kam/wp-content…