KRA to attach firms’ accounts on delay in pension remittances

Times Tower, the Kenya Revenue Authority offices. PHOTO | NMG

The Kenya Revenue Authority (KRA) has been given the power to attach bank accounts of employers who fail to remit workers' contributions to pension schemes.

The National Assembly has amended the Retirement Benefits Act (RBA) to authorise the taxman to pursue defaulters on behalf of retirement schemes.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.