Search Results for: withholding tax
(Blog) 30/11/2020
... withholding tax rate for dividends paid to Kenya residents or to citizens of the East African Community is 5%. The withholding tax rate for dividends paid to non-residents is 10%. Dividends received ...
(Blog) 19/11/2020
... and overpayments or credits resulting from Withholding VAT. In the case of tax paid in error, the claim should be lodged within 12 months from the date the tax was paid. In the case of a bad debt, a tax ...
Fringe Benefit Tax, Deemed Interest Rate
(Public Notices) 28/10/2020
... INTEREST RATE For purposes of section 16(5), the prescribed rate of interest is 6%. This is applicable for the months of October, November & December 2020. Withholding tax rate of 15% on the deemed ...
Taxation of Not-for Profit Organisations
(Blog) 26/10/2020
... to deduct tax monthly at the prevailing individual income tax rates, and remit to the Commissioner on or before 9th of the following month. There are no exemptions associated with Withholding Tax. ...
Tax Incentives in Retirement Benefit Schemes (RBS)
(Blog) 26/10/2020
... is payable when savings in a RBS are transferred between different Retirement Benefit Schemes Withdrawal of funds by members from a registered RBS is subject to tax at pension withholding tax rates. ...
Rift valley railways Kenya Limited ordered to pay Kshs. 1.6 Billion Tax
(Press Release) 02/10/2020
... the audit KRA examined the records and the operations of the railway company and raised an assessment of Kshs. 1,696,233,674 comprising Custom Duty, Value Added Tax, Withholding Tax Income Tax and Withholding ...
KRA wins Kshs.1.2 billion tax suit against international communications firm
(Press Release) 17/09/2020
... 2015 to February 2019 that raised an assessment of Kshs. 1,185,596.692 for withholding tax. The assessment was confirmed vide an objection decision on 21st May, 2019. Aggrieved by the KRA’s decision, ...
KRA recovers Kshs. 330 Million tax from county suppliers
(Press Release) 14/09/2020
The Kenya Revenue Authority (KRA) has recovered Kshs. 330 Million tax from various suppliers trading with county governments. The taxes comprising of Value Added Tax (VAT), Income Tax and Withholding ...
Tax Issues to Consider when Investing in Kenya
(Blog) 11/09/2020
... tax on their income at the rate of 25% and 37.5% respectively. Other taxes affecting companies include Withholding tax, Pay As You Earn (PAYE), Value Added Tax (VAT), Capital Gains Tax (CGT), Stamp duty ...
Fringe Benefit Tax, Deemed Interest Rate & Low interest Rate
(Public Notices) 15/07/2020
... INTEREST RATE For purposes of section 16(5), the prescribed rate of interest is 7%. This is applicable for the months of July, August and September 2020. Withholding tax rate of 15% on the deemed interest ...
Compliance Checks on Tax Returns
(Public Notices) 19/06/2020
... PAYE, Withholding and other taxes administered by KRA. Therefore, KRA urges all taxpayers to provide the necessary support and corporate with the authorized officers during tax compliance checks. Further, ...
Dutch Flower Firm ordered to pay Ksh.1.3 billion in taxes
(Press Release) 30/05/2020
... of Kshs.1,340,142,438.00 in respect of Van Den’s Corporation tax (including Transfer Pricing), Withholding Income Tax, Value Added Tax, Pay As You Earn (PAYE) and KEBS Levy. Van Den then filed the Case ...
