Fringe Benefit Tax, Deemed Interest Rate and Low Interest Benefit

(Public Notices) 24/07/2023

FRINGE BENEFIT TAX For the purposes of Section 12B of the Income Tax Act, the Market Interest Rate is 11%.  This rate shall be applicable for the three months of July, August and September 2023. DEEMED ...

Fringe Benefit Tax and Deemed Interest Rate (Apr - June)

(Public Notices) 24/04/2023

FRINGE BENEFIT TAX For the purposes of Section 12B of the Income Tax Act, the Market Interest Rate is 10%.  This rate shall be applicable for the three months of April, May and June 2023. DEEMED INTEREST ...

Fringe Benefit Tax, Deemed Interest Rate and Low Interest Benefit

(Public Notices) 17/01/2023

FRINGE BENEFIT TAX For the purposes of Section 12B of the Income Tax Act, the Market Interest Rate is 9%.  This rate shall be applicable for the three months of January, February and March 2023.  DEEMED ...

FRINGE BENEFIT TAX AND DEEMED INTEREST RATE

(Public Notices) 01/11/2022

FRINGE BENEFIT TAX For the purposes of Section 12B of the Income Tax Act, the Market Interest Rate is 9%. This rate shall be applicable for the three months of October, November and December 2022. DEEMED ...

Fringe Benefit Tax, Deemed Interest Rate and Low Interest Benefit

(Public Notices) 01/08/2022

FRINGE BENEFIT TAX For the purposes of Section 12B of the Income Tax Act, the Market Interest Rate is 8%. This rate shall be applicable for the three months of July, August and September 2022. DEEMED ...

Fringe Benefit Tax and Deemed Interest Rate

(Public Notices) 13/04/2022

FRINGE BENEFIT TAX For the purposes of Section 12B of the Income Tax Act, the Market Interest Rate is 7%. This rate shall be applicable for the three months of April, May and June 2022. DEEMED INTEREST ...

Clarification of information provided by Keroche Breweries Limited.

(Press Release) 08/03/2022

The Kenya Revenue Authority (KRA) wishes to thank the millions of Kenyans who continue to diligently pay their taxes as and when the taxes fall due. This demonstrates patriotism and the deepest sense of ...

Fringe Benefit Tax, Deemed Interest Rate and Low Interest Benefit

(Public Notices) 12/01/2022

  FRINGE BENEFIT TAX For the purposes of Section 12B of the Income Tax Act, the Market Interest Rate is 7%.  This rate shall be applicable for the three months of January, February and March 2022. ...

Fringe Benefit Tax & Deemed Interest Rate

(Public Notices) 18/10/2021

Kenya Revenue Authority (KRA) wishes to inform the public of the following rates; FRINGE BENEFIT TAX For the purposes of Section 12B of the Income Tax Act, the Market Interest Rate is 7%. This rate ...

KRA SUSTAINS UPWARD REVENUE TRAJECTORY, SURPASESS Q1 PERFORMANCE

(Press Release) 04/10/2021

... Billion. The performance reflects a sustained revenue growth in the first three months of the year, with a performance rate of 103.2 per cent and growth of 30 per cent.   Despite the slow economic ...

Fringe Benefit Tax, Deemed Interest Rate and Low Interest Benefit

(Public Notices) 05/07/2021

FRINGE BENEFIT TAX For the purposes of Section 12B of the Income Tax Act, the Market Interest Rate is 7%. This rate shall be applicable for the three months of July, August and September 2021. DEEMED ...

ANNUAL REVENUE PERFORMANCE FY 2020/2021

(Press Release) 04/07/2021

... rate of 101% and revenue growth of 3.9% compared to last Financial Year. This performance is consistent with the prevailing economic indicators, especially the projected GDP growth of 0.6% in 2020.   ...

Fringe Benefit Tax and Deemed Interest Rate - April 2021

(Public Notices) 28/04/2021

Kenya Revenue Authority (KRA), informs members of the public to note the following: FRINGE BENEFIT TAX For the purposes of Section 12B of the Income Tax Act, the Market Interest Rate is 7%. This ...

KRA SUSTAINS OUTSTANDING REVENUE PERFORMANCE TREND

(Press Release) 04/04/2021

Kenya Revenue Authority (KRA) has recorded the highest revenue performance rate since the beginning of the Financial Year 2020/2021 after collecting Kshs 144.6 billion in March 2021 surpassing the revenue ...

Understanding Withholding Tax

(Blog) 17/03/2021

... via iTax. The withholder is required to generate a payment slip on iTax and present it at any of the appointed KRA banks to make the payment. The withholder can also pay via M-PESA using the KRA PayBill ...

JANUARY 2021 REVENUE PERFORMANCE A REFLECTION OF KENYA’S ECONOMIC RESURGENCE

(Press Release) 08/02/2021

The Kenya Revenue Authority (KRA) has commenced the calendar year 2021 on a high after recording an improved performance rate of 102.6% to surpass its January revenue collection target by Ksh 3.53 billion. ...

Fringe Benefit Tax (FB) , Deemed Interest Rate And Low Interest Benefit

(Public Notices) 19/01/2021

FRINGE BENEFIT TAX For the purposes of Section 12B of the Income Tax Act, the Market Interest Rate is 7%.  This rate shall be applicable for the three months of January, February and March 2021.   ...

December Revenue Performance a Reflection of Kenya's Economic Recovery Prospect

(Press Release) 18/01/2021

... the challenging economic environment that persisted to the tail end of the year, KRA posted improved revenue performance rate of 101.3% for December 2020. This was the first positive and above target collection ...

Fringe Benefit Tax, Deemed Interest Rate

(Public Notices) 28/10/2020

FRINGE BENEFIT TAX For the purposes of Section 12B of the Income Tax Act, the Market Interest Rate is 6%. This rate shall be applicable for the three months of October, November & December 2020. DEEMED ...

Taxation of Not-for Profit Organisations

(Blog) 26/10/2020

Not-for-Profit Organisations (NPOs) are organisations that do not operate for profit or personal gain. NPOs are mostly established for purposes of charitable activities or research in the areas such ...