The Kenya Revenue Authority (KRA) has directed employers and individuals to remit housing levy deductions by May 9, 2024.
In a letter to Kenyan employers, KRA also reminded them that the Affordable Housing Levy (AHL) will be charged 1.5 percent, including gross rental income and sales receipts (the amount chargeable to turnover tax).
“The Kenya Revenue Authority recognizes and appreciates your invaluable contribution to Government of Kenya revenue mobilization.”
“The Affordable Housing Act 2024 introduced Affordable Housing Levy (AHL) for all persons. This is therefore, to remind you to remit the AHL by the due date of 9th of every month, starting this month of May 2024,” KRA said.
President William Ruto assented to the Affordable Housing Levy unto law in March this year, which mandates employers to deduct 1.5 percent of gross salaries from employers with employees matching similar amounts.
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The Levy also applies to those in the informal sector.
