The president signed the Affordable Housing Act.
The president on 19 March 2024 signed the Affordable Housing Act.
The Act amends the legislative provisions held unconstitutional by the Court of Appeal in January 2024. Read TaxNewsFlash
Key provisions covered under the Act include:
Section 4 and 5 of the Act, which govern the imposition and collection of the levy, became effective 19 March 2024. Employers are required to deduct and remit the levy beginning with the March 2024 payroll.
Read a March 2024 report prepared by the KPMG member firm in Kenya