Kenya Revenue Authority (KRA) provided a clarification on what constitutes Gross pay for purposes of computing the Housing levy The levy is deductible from employees at 1.5% of the gross pay with the employer contributing a similar amount as follows; One point five per centum (1.5%) of the employee’s gross monthly salary by the employee; …
The Finance Act 2022 brought in a number of changes with respect to transfer pricing in Kenya. The changes were effective 1 July 2022 and apply for the financial year 2022. In this article, we summarise the new requirements below: Notification to the KRA on the ultimate parent or surrogate parent of the group – …
New Transfer Pricing Requirements in Kenya -Meclon Consultancy Read More »
Following the court of appeal decision on 3rd February 2023 where the National Social Security Fund (NSSF) Act No 45 of 2013 was upheld, NSSF has through a press release on 9th February 2023 asked all employers to comply with the law in regard to the contribution rates with immediate effect. The rate of contribution …
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