Sharp Daily
No Result
View All Result
Saturday, February 7, 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

What the High Court backing for KRA use of bank deposits to assess income means for businesses in Kenya

February 5, 2026

KRA launches major crackdown on eTIMS invoice fraud – Sh30 billion revenue leak targeted

January 21, 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

Safaricom Sets Record Interim Dividend as Data and M-PESA Drive Profit Surge

February 6, 2026
News

NSSF unveils Sh30 billion city centre development targeting live-work urban model

February 6, 2026
News

Ishowspeed Concludes His 28-Day Africa Tour: What It Means For Africa

February 6, 2026
News

Happy staff, thriving business: Why companies are betting on employee wellbeing

February 6, 2026
News

From arrivals to accommodations: Tourism’s impact on Kenyan hospitality

February 6, 2026
Analysis

Pension fund returns moderate in 2025 as falling interest rates weigh on performance

February 5, 2026

LATEST STORIES

Opting Out of NSSF Tier II Contributions

February 6, 2026

Asset Diversification for Retirement Benefits Schemes

February 6, 2026

Kenya’s Rising Defender Sichenje Joins Charlton Athletic, Set to Spark National Pride Through European Ascent

February 6, 2026

Safaricom Sets Record Interim Dividend as Data and M-PESA Drive Profit Surge

February 6, 2026

NSSF unveils Sh30 billion city centre development targeting live-work urban model

February 6, 2026

Ishowspeed Concludes His 28-Day Africa Tour: What It Means For Africa

February 6, 2026

Happy staff, thriving business: Why companies are betting on employee wellbeing

February 6, 2026

From arrivals to accommodations: Tourism’s impact on Kenyan hospitality

February 6, 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