Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
Rotich admits housing fund tax error in budget
National Treasury Cabinet Secretary Henry Rotich poses for a photo outside The National Treasury Building ahead of the 2018/19 budget presentation at Parliament on June 14, 2018. PHOTO | DIANA NGILA | NMG
Kenyans in formal employment will not contribute one per cent of their pay to the housing development fund as indicated in the Finance Bill, but will instead pay 0.5 per cent, Treasury secretary Henry Rotich said on Tuesday.
The CS described the one per cent charge to the fund contained in the Finance Bill as a typographical mistake that will be corrected as it goes through Parliament.
