The government will start deducting 1.5 per cent housing levy from all employees effective this month. The first contribution will be due by May 9, 2019, ministry of Housing and Urban Development said on Tuesday. The ministry in a statement instructed employers to remit housing levy fund by May 9. The housing fund shall be used to finance the affordable housing scheme under the big four agenda. Cotu contested the implementation of the levy saying it's unconstitutional and amounts to double taxation.
Source: The Star April 16, 2019 05:48 UTC