In this respect, the government proposes to increase the current exempt threshold of Pay As You Earn and expand the income tax bands. This measure will ease the tax burden of tax payers and will ensure that about 12,500 low income earners are actually removed from the tax net. |
Out of the total education allocation, the government proposes to spend K700.5 billion on pre-primary and basic schools, K217.4 billion on tertiary education and K165.6 billion on high school education. |
Sir (Speaker), the loss in revenue arising from this measure will be K39.5 billion. |