Sharp Daily
No Result
View All Result
Friday, August 8, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

SHA urges employers to seek KRA guidance on insurance relief for health contributions

Huldah Matara by Huldah Matara
October 25, 2024
in News
Reading Time: 1 min read

The Social Health Authority (SHA) has issued a clarification urging employers to consult the Kenya Revenue Authority (KRA) regarding tax relief for contributors under the Social Health Insurance Act (SHI) 2023. This follows concerns over statutory deductions from employee salaries mandated by the act and the 2024 regulations.

In a statement, SHA confirmed that the SHI regulations, formalized on March 8, 2024, through Legal Notice No. 49, require salaried employees to make monthly contributions to the Social Health Insurance Fund (SHIF). The contribution rate is set at 2.75% of the gross salary, which includes allowances and other forms of compensation, with payments due by the ninth day of each month.

SHA clarified that employees contributing to SHIF should be eligible for insurance relief but advised employers to engage with KRA to ensure they follow proper procedures in administering this relief.

Additionally, the SHA emphasized that employers are not required to match their employees’ contributions under the SHI Act, alleviating concerns about potential extra financial obligations.

RELATEDPOSTS

Former health CAS Dr. Mercy Mwangangi named SHA CEO

April 15, 2025

Government amends SHA policy to support informal sector contributions

November 6, 2024

This clarification comes as part of the government’s ongoing efforts to roll out policies aimed at achieving universal health coverage across Kenya. Employers are encouraged to comply with the new guidelines to avoid any penalties or legal complications.

Previous Post

High court issues conservatory orders on energy deal with Adani

Next Post

MP calls for probe into ‘Buy Now, Pay Later’ schemes as consumer complaints surge

Huldah Matara

Huldah Matara

Versatile multimedia journalist with a keen interest in compelling stories that resonate with my audience. Reach out on huldahmatara12@gmail.com

Related Posts

commercial illustrator
News

Why Kenyan private equity firms should consider continuation funds as an exit strategy

July 23, 2025
Business

Del Monte foods files for bankruptcy in USA

July 3, 2025
News

Private vs Public Pension Funds in Kenya

June 30, 2025
Investments

Investor shift to long term bonds drives oversubscription in CBK’s reopened auction

June 19, 2025
News

The real price of Israel – Iran Conflict for Kenya.

June 19, 2025
Economy

Resilient but strained: Kenyan firms speak out in May 2025 CEO survey.

June 19, 2025

LATEST STORIES

Segregated Pension Schemes in Kenya Q2’2025 Performance

August 8, 2025
Asset allocation dividing an investment portfolio among different asset categories.

Building a Retirement Portfolio in Kenya

August 8, 2025

Steps banks can take to align with fair lending practices

August 7, 2025

The hidden cost of outdated economic statistics

August 7, 2025

EABL posts 12.2% profit surge, strengthens regional footprint despite rising illicit trade

August 1, 2025
1049795356

Maximizing Your Pension Contributions

August 1, 2025

The functional role of narrative in financial markets

August 1, 2025

Tanzania’s protectionist shift and what it means for Kenyan entrepreneurs and regional trade

July 31, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024