The Affordable Housing Levy Fund Act 2024 requires employers to deduct 1.5 percent of employees’ salaries and match the same for the construction of affordable housing units.
By
Edwin Mutai
Nation Media Group
Political Reporter
The Kenya Revenue Authority (KRA) will soon crack down on employers who have evaded remitting more than Sh100 billion in employees’ deductions from the Affordable Housing Levy.
Opposition leaders have vowed to scrap the levy if elected to office next year.
The proposed law will empower KRA to pursue employers who fail to remit workers’ pension deductions, including through asset…
KRA has agency notices, a directive issued by the taxman under Section 42 of the Tax Procedures Act, compelling a third party,…
Federation of Kenya Employers has raised concerns over rising business costs and provisions in the Finance Bill, 2026, that would…
The authority is increasingly relying on third-party data, electronic invoices and transaction matching to ensure correct taxes…
Profits not distributed as dividends are recorded as retained earnings that can be used for expansion, acquisition and buffers…
