Housing fund will be taxed if you withdraw
The PS added that the only lot exempted from this is retirees who will get all their money.
Source: the-star.co.ke
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After failing to convince Kenyans to buy RUTO's housing scheme last week, PS HINGA now blames RAILA for the housing levy – Look!
Tuesday, May 30, 2023 – After struggling to convince Kenyans to buy President William Ruto’s controversial housing scheme, Housing Principal Secretary Charles Hinga has shifted the blame to Azimio Leader Raila Odinga. Speaking during an interview yesterday, PS Hinga inadvertently accused Raila of introducing the housing levy in Kenya. According to Hinga, the proposed housing levy…
Source: kenyan-post.com
Housing PS CHARLES HINGA inadvertently confirms RUTO's housing scheme could be a big scam as he reveals the hidden tax on the housing levy – Look!
Tuesday, May 30, 2023 – As more people continue to reject President William Ruto’s mandatory housing scheme, Housing Principal Secretary Charles Hinga may have made it worse. This is after he revealed that Kenyans would be taxed when they opt to withdraw their contribution from the Housing Fund after seven years contrary to earlier promise that…
Source: kenyan-post.com
James Wanjagi: Banker Urges Gov't to Clarify 3% Housing Fund, Calls for Alternatives in Sourcing Revenue
President William Ruto's 3% Housing Fund proposed in the Finance Bill 2023 enlisted mixed reactions from the public and key stakeholders, some opposing it.
Source: tuko.co.ke
Charles Hinga: Gov't to Tax Housing Fund Withdrawn after 7 Years
Housing Principal Secretary Charles Hinga revealed that the 3% Housing Fund proposed by the government will attract a tax once an employee withdraws in cash.
Source: tuko.co.ke