Tax Laws Act ushers in new era for pensions sector

 

President William Ruto[ File.Standard]

The retirement benefits sector has been tipped to benefit from the new Tax Laws (Amendment) Act, with more Kenyans expected to save for their sunset years.

While some of the clauses of the new Act are expected to hit Kenyans with higher taxes, the Retirement Benefits Authority (RBA) notes that there are those that are expected to offer some reprieve. 

The Authority says the provision of retirement...