📢 𝐏𝐮𝐛𝐥𝐢𝐜 𝐍𝐨𝐭𝐢𝐜𝐞: 𝐂𝐡𝐚𝐧𝐠𝐞𝐬 𝐭𝐨 𝐏𝐀𝐘𝐄 𝐂𝐨𝐦𝐩𝐮𝐭𝐚𝐭𝐢𝐨𝐧
The Tax Laws (Amendment) Act, 2024 takes effect from 27th December, 2024. The key updates include:
a) Deductible contributions (Housing Levy, SHIF, post-retirement medical funds)
b) Changes to tax reliefs
c) Clarifications on employment gains and profits
BREAKING: @KRACorporate Announces Key Changes to PAYE Under the Tax Laws (Amendment) Act, 2024
Changes Apply to the Pay-As-You-Earn (PAYE) computation following the implementation of the Tax Laws (Amendment) Act, 2024, effective December 27, 2024.
It’s key changes as KRA PAYE computation as Tax Laws (Amendment) Act, 2024 takes effect on December 27, 2024
-Deductible Contributions: Includes Housing Levy, Social Health Insurance Fund (SHIF), and post-retirement medical funds.
-Tax Relief Adjustments: Updates on applicable reliefs for employees.
-Employment Gains and Profits: Enhanced clarity on taxable employment benefits and income.
It’s key changes as KRA PAYE computation vide Tax Laws (Amendment) Act, 2024 takes effect on December 27, 2024
-Deductible Contributions: Includes Housing Levy, Social Health Insurance Fund (SHIF), and post-retirement medical funds.
-Tax Relief Adjustments: Updates on applicable reliefs for employees.
-Employment Gains and Profits: Enhanced clarity on taxable employment benefits and income.
📢 𝐏𝐮𝐛𝐥𝐢𝐜 𝐍𝐨𝐭𝐢𝐜𝐞: 𝐂𝐡𝐚𝐧𝐠𝐞𝐬 𝐭𝐨 𝐏𝐀𝐘𝐄 𝐂𝐨𝐦𝐩𝐮𝐭𝐚𝐭𝐢𝐨𝐧
The Kenya Revenue Authority has announced critical amendments to PAYE computation under the Tax Laws (Amendment) Act, 2024, effective 27th December.
We would like to inform the public that effective 𝟭𝘀𝘁 𝗝𝘂𝗻𝗲 𝟮𝟬𝟮𝟯, all VAT registered taxpayers are required to only accept electronic tax invoices from registered taxpayers in compliance with the VAT (Electronic Tax Invoice) Regulations 2020.
#KRAeTiMS
Do you have any undisclosed taxes due from 1st July 2015 to 30th June 2020? Enjoy a 50% remission once you apply now, declare and pay your taxes before 31st December 2022.
Apply via https://t.co/MvWiccv9I3 today!