New amendments in the proposed Affordable Housing Bill 2023
Parliament propose to exempt employers from paying tax, 10% deposit to be scrapped in the new Affordable Housing Bill 2023
Parliament propose to exempt employers from paying tax, 10% deposit to be scrapped in the new Affordable Housing Bill 2023.
Members of Parliament (MPs) have proposed amendments to the Affordable Housing Bill 2023 after the courts declared it unconstitutional.
The National Assembly and Finance Planning Committee proposed to exempt employers from paying the 1.5% Housing Levy.
While conducting public participation, the committee agreed that imposing the levy on employers would render many jobless.
National Assembly Majority Leader Kimani Ichung’wah claimed Kenyans were willing to pay the levy as he dismissed Azimio la Umoja One Kenya Coalition Party members for criticising the move.
Ichung’wah, who is the Kikuyu MP, said non-salaried Kenyans will also pay the tax.
“In this new law, we have now made, it is possible for even non-salaried people to be able to contribute. Everyone will pay their fair share. Job opportunities lie on this bill,” Ichung’wah said.
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Lawmakers also proposed removing the requirement that buyers pay a 10% deposit of the house’s cost before occupying it.
This comes after President William Ruto remained adamant about implementing the controversial housing levy despite stiff opposition.
The courts also declare the housing levy unconstitutional as it lacked a comprehensive legal framework.
The High Court asserted that the levy violated taxation principles, proving discriminatory and unfair by creating distinctions between the formal and informal sectors.
Meanwhile, President Ruto insisted the housing project was a noble idea that must be implemented.
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