A worker earning Sh100,000 a month or more does not qualify to benefit from President Uhuru Kenyatta’s affordable housing scheme. The President’s affordable housing dream will receive Sh55 billion a year from taxpayers’ pockets - way more than earlier budgeted for. Employers and their workers are to share equally in the contributions that lock the highest contributors out of the housing scheme. Last Thursday, Uhuru succeeded in pushing through Parliament the proposals to tax workers to fund the scheme. It has also emerged that the three per cent housing tax is not new after all — the State had considered it in its projection from as far back as September 2017.

Source: Standard Digital September 23, 2018 21:04 UTC