The National Social Security Fund (NSSF) Act was passed by Parliament on 24 December 2013 and applies from 10 January 2014. The NSSF Act will increase the social security contributions by both the employer and the employee, with a goal to increase this to 6% of an employee’s pensionable earnings in stages over the next 5 years.
Related Posts
Kenya's National Assembly presented the Tax Laws (Amendment) Bill 2024 along with the Tax Procedures (Amendment) (No.2) Bill 2024 on 1 November 2024. Both Tax Laws (Amendment) Bill 2024 along with the Tax Procedures (Amendment) (No.2) Bill 2024
Read More
The Kenya Revenue Authority has released a public notice regarding the market interest rate applicable to fringe benefit tax and the deemed interest rate for specific non-resident loans for October, November, and December 2024, which has been
Read More
Jordan’s Cabinet approved signing an income tax treaty with Kenya on 19 October 2024. This treaty, a first between the two nations, will require signing and ratification before it becomes effective. The tax treaty aims to eliminate double
Read More
The Kenya Revenue Authority (KRA) Commissioner General (CG) HE Dr Musalia Mudavadi plans to use artificial intelligence (AI), the Internet of things (IoT), big data, and blockchain to improve tax administration, enhance transparency, and tackle tax
Read More Kenya has initiated a public consultation on the proposed income tax treaty with Iceland. The announcement was made in a public notice by the National Treasury on 2 October 2024. The consultation is set to conclude on 7 November 2024. The
Read More
Singapore’s government announced signing a new income tax treaty (DTA) with Kenya on 24 September 2024. This new DTA replaces the previous agreement signed on 12 June 2018 which never entered into force. The agreement establishes a 10%
Read More
