The National Social Security Fund (NSSF) ACT No. 45 of 2013 was assented to on 24 December 2014 with a commencement date of 10 January 2014. After protracted legal suits in courts, the Court of Appeal on 3 February 2023 delivered judgment upholding the legality of the Act.
Consequently, employers are advised to submit their contributions in accordance with the provisions of the upheld Act as explained and demonstrated below. The effective contribution period is February 2023 which payment will be due latest 9 March 2023.
This tax alert is a guide to the effective changes.