HomeNewsGovernment announces Tax Refunds to organizations employing TVET graduates

Government announces Tax Refunds to organizations employing TVET graduates

In the latest efforts to enhance interest in Technical and Vocational Training Institutes, Treasury Cabinet Secretary Ukur Yattani announced tax refunds for organizations giving at least a single year internships to students from the Technical and Vocational Education and Training (TVET) programme.

The chief administrator of the institutes, the TVET Authority of Kenya, is tasked by the law to regulate and coordinate it.

The authority made affirmation of the incentive in a public statement released on Thursday, June 24.

In the past few years, technical training institutes have gained commendable traction in registering new students and hence producing graduates.

Programmes offered are mainly interactive and fall under diploma and certificate offerings.

A possible cause of this gradual paradigm shift has to do with the just sanctioned Competency-Based Curriculum (CBC).

The CBC is founded on the basis of nurturing the needs and potential learners within a flexible outline that morphs with the shifting requirements of students.

As a result, the TVET Authority of Kenya has recently published that due to tangible government reforms, more than 15,000 candidates that scored C+ and above in the 2020 KCSE did not opt to pursue undergraduate degrees.

A good number of this demographic chose diploma and certificate courses instead.

Additionally, they reported that 4,840 students went with TVET colleges to pursue courses in an employment sector where their counterparts in Universities struggle to get positions in the job market.

In the preceding year of 2019, 2,632 students registered for diploma and certificate courses in these institutions across the country.

Following these metrics, it is only indisputable that the number of students joining TVET colleges will rise.

The entities remarks that such growth is majority attributable to the government’s optimized focus in ensuring TVETs thrive in operations and also in the creation of employment.

“It is my hope that employers will take advantage of this incentive and offer our young graduates from the TVET institutions chances to gain practical experience to grow their employability,” stated Yatani in his 2021 budget speech.

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