Firms risk KRA bank, assets seizure over unremitted pension
Nairobi, June 7 -- Employers risk having their bank accounts frozen, assets seized, and tax PINs deactivated for failing to remit pension contributions under a law change aimed at enforcing the remittances and easing old-age poverty.
The Kenya Revenue Authority (Amendment) Bill, 2026, will allow the tax authority to collect unremitted pension from employers in a fresh attempt to reduce the mounting stock of retirement benefits deducted from workers' payslips and not remitted to schemes for investment.
The unremitted pension stood at Sh66.41 billion at the end of December 2025 from Sh47.1 billion in June 2024.
This has seen workers lose out on compounded investment income from their monthly pension contributions amid inadequate payouts ...
Click here to read full article from source
इस लेख के रीप्रिंट को खरीदने या इस प्रकाशन का पूरा फ़ीड प्राप्त करने के लिए, कृपया
हमे संपर्क करें.