NSSF monthly contributions to rise 5 times in July

The stalled NSSF Act 2013 that introduced the changes had also sought to raise monthly contributions from employers to match each employee’s deductions, which have remained at Sh200 monthly.

NSSF managing trustee Anthony Omerikwa said Tuesday that the Treasury was now part of the talks with the Central Organisation of Trade Unions (Cotu) and the Federation of Kenya Employers (FKE). He said the discussions are set to be completed before end of the financial year in June.

KRA wins case challenging its enforcement powers

High Court Judge Weldon Korir ruled in favour of KRA in a judgement delivered last Thursday in Nairobi.

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The petition was filed on 12th April, 2017 challenging Sections 57, 58(2), 59 and 99 of the Tax Procedures Act.

The said sections empower KRA to inspect taxpayers’ goods and records as well as direct the taxpayers to produce records and information on their tax liability for purposes of administering a tax law.