Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
The non-withdrawable depositing taking (NWDT) Savings and Credit Co-operatives (Saccos) shall now be required to pay annual regulatory fee to the country’s Sacco Regulator, the Sacco Society Regulatory Authority (SASRA) as they fully come under its purview. According to the November Legal Notice by Sasra the rate of the annual Sacco Societies Levy will be…
By Munene Maina Deposit Taking Saccos will have to realign their books of account to meet new taxation requirements. The Sacco Societies Regulatory Authority (SASRA) has amended the Sacco Societies Deposit Levy. Subject to a maximum levy of Sh10 million per annum, deposit-taking Saccos will now have to comply with new rates in paying annual…
