WebJan 11, 2024 · These rate changes became effective on 1 January 2024. This year has been characterized by several major and far-reaching tax changes in Kenya. Some of the notable introductions into the tax landscape is the minimum tax at the rate of 1% of the gross turnover and a digital services tax at the rate of 1.5% of the transaction value. WebThe most common type of indirect tax in Kenya is the Value Added Tax (VAT). This is a consumption tax that is applied to the sale of goods and services. It is charged at a flat rate of 16% and is collected by the government from businesses. The VAT is a major source of revenue for the government and is used to fund public services and ...
KRA PAYE Calculator for 2024
WebNov 25, 2024 · The general corporate income tax rate in Kenya is 30% while having a capital gains tax rate of 5% and branch tax rate of 37.5%. A company or a corporate entity will be a tax resident if the company has been incorporated under the Kenyan law and the management activities and affairs are done in Kenya. A company shall also be … WebJan 11, 2024 · These rate changes became effective on 1 January 2024. This year has been characterized by several major and far-reaching tax changes in Kenya. Some of the … orders to pay
Kenya - Individual - Taxes on personal income - PwC
WebThere are three tax rates that apply across Kenya: 16% – the standard rate for taxable goods and services, as well as imports 8% – the rate applied to the local supply of fuel, petroleum oils, etc. 0% – the rate applied to exports, international passenger transport, and zero-rated supplies (such as supplies sent to EPZs, diplomats, and governments) WebJan 1, 2024 · Tax rates in Kenya Tax Rates Consumption Taxes Nature of the Tax Value Added Tax (VAT) Tax Rate 16% (effective from 01 January 2024) Reduced Tax Rate A reduced rate of 8% applies to motor fuel; aviation fuel; gas oil; natural gas. Web• Kenya Revenue Authority (KRA) • Domestic Taxes Department deals with Income Tax, Value Added Tax and Excise duty ... −Tax on income of such an entity will be determined at the prevailing non-resident tax rate −The significance of resident and non-residence is that the rates of corporate tax are 30% orders towersealants.com