Sharp Daily
No Result
View All Result
Wednesday, April 22, 2026
  • 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

KRA clarifies tax implications for Social Health Insurance Fund

Huldah Matara by Huldah Matara
November 8, 2024
in News
Reading Time: 1 min read

The Kenya Revenue Authority (KRA) has issued a public notice clarifying that contributions made to the Social Health Insurance Fund (SHIF) are not currently eligible for tax relief, a significant update for taxpayers adapting to the new healthcare system. The KRA statement underscores that relief provided under the Income Tax Act “does not apply to contributions made to the SHIF under the Social Health Insurance Act.”

This development follows the recent repeal of the National Health Insurance Fund (NHIF) under the Social Health Insurance Act, which restructured Kenya’s health insurance landscape. The KRA outlined that “the Income Tax Act provides for insurance relief for a health policy whose term commences on or after the 1st January, 2007 or a contribution made to the National Health Insurance Fund (NHIF),” but this relief does not extend to the newly established SHIF.

To address this gap, the Tax Laws (Amendment) Bill, 2024, proposes an amendment to the current legislation. If passed, it would allow SHIF contributions to be deducted from taxable income, bringing SHIF’s tax treatment in line with what NHIF contributors previously experienced. This pending amendment reflects the government’s intention to align the tax structure with the healthcare reforms, though the KRA has yet to specify a timeline for any potential tax relief.

In the meantime, the KRA encourages those seeking more information on the tax implications of SHIF contributions to contact its customer support: “For further information, please reach out to our Contact Centre on Tel: 020 4 999 999, 0711 099 999 or Email: callcentre@kra.go.ke.”

RELATEDPOSTS

Why KRA can now tax income earned abroad if work is managed from Kenya

April 14, 2026

Rethinking VAT enforcement in Kenya

March 13, 2026

 

Previous Post

Exploring the benefits of investing in REITs for Kenyan portfolios

Next Post

Kenyan troops in DRC earn UN praise for operational excellence

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

News

Economic inequality and wealth distribution in Kenya

April 22, 2026
News

Sustainable investing and ESG trends

April 22, 2026
News

Planning for early retirement

April 22, 2026
Analysis

Multinationals repatriate Sh42.2 billion as dividend growth highlights strength of Kenyan subsidiaries

April 22, 2026
Analysis

Multinational firms drive massive kSh42 billion dividend distribution on NSE

April 22, 2026
News

The role of savings and investment in economic development

April 22, 2026

LATEST STORIES

Economic inequality and wealth distribution in Kenya

April 22, 2026

Kenya’s new loan rules require borrowers to prove repayment ability before approval

April 22, 2026

Sustainable investing and ESG trends

April 22, 2026

Planning for early retirement

April 22, 2026

Multinationals repatriate Sh42.2 billion as dividend growth highlights strength of Kenyan subsidiaries

April 22, 2026

Multinational firms drive massive kSh42 billion dividend distribution on NSE

April 22, 2026

The role of savings and investment in economic development

April 22, 2026

The gap between income and wealth in Kenya

April 21, 2026
  • 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