State corporations will file monthly statutory and Sacco payment reports if Parliament approves proposed regulations by the National Treasury, aimed at taming the growing menace of pending bills.
Statutory payments are deductions from workers’ pay slips and include pay-as-you-earn (PAYE), National Social Security Fund (NSSF), and National Hospital Insurance Fund (NHIF) that are legally mandatory, and failure to register, deduct, and remit them to the relevant authorities attracts penalties and interest.
