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How New Tax Law Will Affect Your December Salary

kenyans.co.ke/news/1...

submitted about 1 year ago by Samuelwriter_ke

How New Tax Law Will Affect Your December Salary

submitted about 1 year ago by Samuelwriter_ke

How New Tax Law Will Affect Your December Salary
  • President Ruto signed seven bills into law, including the Tax Laws (Amendment) Bill, which changes contributions to the Affordable Housing Levy and post-retirement medical funds for tax deductions to prevent double taxation.
  • The effective date for these changes is December 27, 2024, causing uncertainty in processing December's payroll as finance professionals decide whether to calculate it before or after the effective date, affecting employees' take-home pay for the festive season.
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