Employers face 2pc fine on housing levy defaults

Parliament in session. FILE PHOTO | JEFF ANGOTE | NMG

Employers who fail to remit employees' housing levy contributions will be fined two percent of the unpaid funds every month.

The National Assembly's Finance and National Planning committee has proposed further amendments to the Finance Bill, 2023 that seeks to finance President William Ruto’s Sh3.6 trillion budget.

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