More deductions as new housing levy comes into effectIf you are in formal employment in Kenya, your April pay slip will reflect a new statutory deduction of 1.5 per cent to the National Housing Development Fund. Total deductions to the Housing Fund Levy should not exceed Sh5, 000. The deductions come in the wake an amendment to the Employment Act through the Finance Bill, 2018. “Employers are required to deduct and remit the levy together with other statutory levies from both the employer and employee by the 9th of each succeeding month together with other statutory deductions,” stated the notice. The Employment and Labour Relations Court granted COTU’s prayers by suspending the levy pending more consultations.

Source: Standard Digital April 16, 2019 16:54 UTC