Sacco members to get mortgage tax relief

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Feb 8, 2017
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By Jackson Okoth
President Uhuru
Kenyatta has disclosed
that the
Government will give
tax relief to Savings and
Credit Co-operative Organizations
(SACCOs)
when the National Budget
2017/18 is presented
before Parliament.
“This move is part of my
Government’s efforts
to encourage uptake of
credit including mortgages
that allow more
Kenyans to own homes.
This tax relief will be
given to SACCOs just
like other financial institutions
which give mortgage
loans,” said President
Kenyatta.
He made these remarks
recently while officially
opening the Sh600 million
ultra-modern Kenya Police
Sacco Plaza, in Ngara Nairobi.

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