NHIF is a statutory deduction that members registered with NHIF have to remit on the due dates. A statutory deduction is a legal requirement where an employer is an agent of the government and is required to deduct money on behalf of the government and remit the deducted money to the government. Examples of statutory deductions that employers are required to deduct from employees include; NHIF, NSSF, and KRA Taxes (PAYE, VAT, WHT)
In this course, we will learn more about the National Hospital Insurance Fund. We will cover the following:
- General Information about NHIF
- Registering with NHIF as an Individual and as an Institution
- A brief Overview of NHIF Services
- Making Amendments on NHIF, adding a beneficiary and choosing
- NHIF contributions for Self-Employed
- NHIF Contributions for Employers
- NHIF Payment due date
- NHIF Penalties
- NHIF Compliance.
This course is meant to give insights about the NHIF statutory deduction to Managers, Entrepreneurs, Accountants, Human Resource Managers and Students taking Finance related courses or anybody who may take up a job that required them to either prepare an institution’s payroll or file NHIF returns.
