Fringe Benefit Tax and Deemed Interest

PUBLIC NOTICES 15/10/2018

Rate Fringe Benefit Tax

For the purposes of Section 12B of the Income Tax Act, the Market Interest Rate is 8%.

This rate will be applicable for three months i.e.October, November and December 2018.

 

Deemed Interest Rate

For purposes of section 16(5), the prescribed rate of interest is 8%.

This is applicable for the months of October, November and December 2018.

Withholding tax rate of 15% on the deemed interest shall be deducted and paid to the Commissioner by 20th of the month following the month of computation.

 

Commissioner of Domestic Taxes

 

 

Disclaimer:
Taxpayers are notified that KRA will not accept responsibility for payments not received, credited and validated in the relevant Kenya Revenue Authority accounts Contact Centre: +254 (020) 4 999 999, +254 (0711) 099 999, Email: callcentre@kra.go.ke Complaints & Information Center: +254 (0) 20 281 7700 (Hotline),Email: cic@kra.go.ke