Search Results for: withholding tax
(Category) 03/07/2018
... the tax due or Kshs. 10,000, whichever is higher. Late payment of PAYE tax 5% of the tax due and an interest of 1% per month Failure to deduct Withholding VAT and Withholding Rental Income ...
(Category) 07/06/2018
... any balance of tax payable should be paid on, or before, the last day of the 4th month following the end of year of income or the accounting period. 4. Withholding Tax What is the rate of taxation ...
(Blog) 17/03/2021
... However, just before that, you receive an email from iTax with a ‘Withholding Certificate’ attached. The mail immediately allays fears of any foul play. But what is this tax that was deducted? What ...
Withholding Tax on Rental Income
(Blog) 26/10/2020
Withholding tax on rental income is charged under section 35(3)(j) of Income Tax Act and became effective on 1st January 2017. Kenya Revenue Authority appoints Rent withholding tax agents to deduct and ...
KRA wins case to collect Withholding Tax amounting Ksh.33.5 Million taxes
(Press Release) 27/04/2020
Kenya Revenue Authority (KRA) has won a case to collect Withholding Tax amounting to Ksh.33,534,855.00 from Kenya Nut Limited. KRA had filed an appeal at the Court of Appeal challenging the High Court ...
Withholding Taxes on Royalties
(Public Notices) 06/11/2019
... or scientific equipment or experience, and gains derived from the sale or exchange of any right or property giving rise to that royalty; The withholding tax rate is 5% for residents and 20% for non-residents. ...
KRA Allowed to Collect Withholding Taxes From Sportpesa
(Press Release) 27/05/2019
27/05…The Kenya Revenue Authority (KRA) has received a go ahead to collect more than Kshs 2.7billion worth of monthly taxes on withholding tax on winnings from Sportpesa. This follows a ruling by Milimani ...
(Uncategorised) 28/08/2018
It is deducted and remitted on or before the 20th day of the following month.
Fringe Benefit Tax and Deemed Interest Rate (April - June 2025)
(Public Notices) 08/04/2025
... INTEREST RATE For purposes of section 16(2)(ja) of the Income Tax Act , the prescribed rate of interest is 9%. This rate is applicable for the months of April, May and June 2025. Withholding tax ...
Fringe Benefit Tax, Deemed Interest Rate and Low Interest Benefit
(Public Notices) 17/01/2025
... INTEREST RATE For purposes of Section 16(2)(ja) of the Income Tax Act, the prescribed rate of interest is 13%. This rate is applicable for the months of January, February and March 2025. Withholding ...
Requirements for Taxpayer Reconciliation of Legacy System Ledger Balances
(Migrated Legacy System Balances) 23/10/2024
... Copies of returns received and acknowledged by the KRA (stamped). Copies of tax computations for the year/period affected. Copies of certified audited financial statements for review. Withholding ...
Fringe Benefit Tax and Deemed Interest Rate
(Public Notices) 17/10/2024
... RATE For purposes of Section 16(2)(ja) of the Income Tax Act , the prescribed rate of interest is 16%. This rate is applicable for the months of October, November and December 2024. Withholding tax ...
Fringe Benefit Tax, Deemed Interest Rate and Low Interest Benefit
(Public Notices) 22/07/2024
... Withholding tax rate of 15% on the deemed interest shall be deducted and paid to the Commissioner within five working days following the computation. LOW INTEREST BENEFIT For purposes of Section ...
Fringe Benefit Tax and Deemed Interest Rate
(Public Notices) 09/04/2024
... INTEREST RATE For purposes of section 16(2)(ja) of the Income Tax Act , the prescribed rate of interest is 16%. This rate is applicable for the months of April, May, and June 2024. Withholding ...
Fringe Benefit Tax,Deemed Interest Rate and Low Interest Benefit
(Public Notices) 22/01/2024
... INTEREST RATE For purposes of section 16(2)(ja) of the Income Tax Act , the prescribed rate of interest is 15%. This rate shall be applicable for the months of January, February and March 2024. Withholding ...
Fringe Benefit Tax, Deemed Interest Rate and Low Interest Benefit
(Public Notices) 31/10/2023
... Withholding tax rate of 15% on the deemed interest shall be deducted and paid to the Commissioner by the 20th day of the month following the month of computation. LOW INTEREST BENEFIT For purposes ...
Fringe Benefit Tax, Deemed Interest Rate and Low Interest Benefit
(Public Notices) 24/07/2023
... INTEREST RATE For purposes of section 16(2)(ja) of the Income Tax Act , the prescribed rate of interest is 11%. This rate is applicable for the months of July, August and September 2023. Withholding ...
Betting Sector Records 30% Revenue Growth as KRA Interlinks Firms to Tax System
(Press Release) 18/07/2023
Revenue collection in the betting and gaming sector has registered a significant growth after Kenya Revenue Authority (KRA) collected over KShs 15.100 Billion from Excise on Betting and Withholding Tax ...
Fringe Benefit Tax and Deemed Interest Rate (Apr - June)
(Public Notices) 24/04/2023
... RATE For purposes of section 16(2)(ja) of the Income Tax Act , the prescribed rate of interest is 10%. This rate is applicable for the months of April, May and June 2023. Withholding tax rate of 15% ...
