K
Originally published by Kenyans
📰 Read Full Article
top
March 20, 2026
2h ago

SACCO Members to Enjoy Lower Taxes in New Proposals to Treasury

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'.

Continue Reading

Read the complete article from Kenyans

📰 Read Full Article
Advertisement
Advertisement