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Originally published by Kenyanstop
March 20, 2026
2h ago
SACCO Members to Enjoy Lower Taxes in New Proposals to Treasury

If the proposals are adopted, SACCO members stand to benefit from reduced taxes, improved access to financial services, and a stronger cooperative sector overall...
✨ Key Highlights
The Kenya Union of Savings and Credit Co-operatives (KUSCCO) has proposed the removal of excise duty on SACCO member transactions to the National Treasury. This move aims to reduce financial service costs for members and improve their financial well-being.
- Removal of excise duty on SACCO member transactions.
- Key organization involved: KUSCCO.
- Other proposals include adjusting individual income tax bands and broadening the definition of 'designated primary cooperative societies'.
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