Housing levy hits Sh12bn in the first three months

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Controller of Budget, Margaret Nyakang'o. FILE PHOTO | BILLY OGADA | NMG

Employers and employees paid out Sh11.83 billion under the mandatory housing development levy in the first quarter of the financial year, says Treasury in a document.

The document covering July to September 2023 and tabled before the National Assembly’s Finance Committee shows the Treasury collected Sh7.9 billion in August and Sh3.93 billion in September.

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