levy – Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Cane farmers oppose proposals to exempt manufacturers, importers from 4% levy

Sacco ReviewNovember 27, 202505 mins

Sugar cane farmers in the country have vehemently opposed proposals to exempt exporters and manufacturers importing white refined industrial sugar from paying the four per cent Sugar Development Levy. Sugar Campaign for Change (Sucam), coordinator Michael Arum said in a statement that farmers described the proposal by the Kenya Association of Manufacturers (KAM) as “misguided, legally unfounded,…

Non-deposit-taking Saccos to start paying regulatory levy

Sacco ReviewFebruary 29, 2024February 29, 202406 mins

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…

Regulator hikes Sacco levy

Sacco ReviewJune 8, 201803 mins

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…