Finance Act 2023: State backdates Housing Levy deductions to July 1

The government had backdated the Housing Levy deductions to July 1, 2023, and appointed the Kenya Revenue Authority (KRA) as the collection agent.

This comes after the Court of Appeal overturned an order suspending the implementation of the Finance Act 2023 after Treasury Cabinet Secretary Prof Njuguna Ndung'u argued that the government was losing billions of shillings as a result of the freeze.