FINANCE

OVERVIEW OF KENYA TAX SYSTEM

TAXES

1.PERSONAL INCOME TAX IS CHARGED ON RESIDENCE

A. Employment tax-PAYE

B.Income from sole traders, individuals ,vocation, digital market place etc.

C. Dividend, pension etc.

2.CORPORATION TAX

3.VALUE ADDED TAX

4.EXCISE DUTY

5.VAT

6.RENTAL INCOME TAX

7.INSTALLMENT TAX

PERSONA INCOME TAX RATE(EFFECTIVE IST JAN 2021)

 BandsRate of Tax
 first Kshs 24,000 per month or Kshs 288,000 per annum10%
next Kshs 8,333 per month or Kshs 100,000 per annum25%
amounts in excess of Kshs 32,333 or Kshs 388,000 per annum30%

 personal relief is Kshs. 2,400 per month or Kshs 28,800 per annum.

A. INTERNATIONAL TAX SYSTEM B.BUSINESS AND IT BOOKS

Disclaimer: Obi Azubuike is not by this publication(or post) acting as a professional advisers and therefore not liable for any damage whatsoever for your acting or refraining to act based on  this publication(post). Consult your professional for advice.