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)
| Bands | Rate of Tax |
| first Kshs 24,000 per month or Kshs 288,000 per annum | 10% |
| next Kshs 8,333 per month or Kshs 100,000 per annum | 25% |
| amounts in excess of Kshs 32,333 or Kshs 388,000 per annum | 30% |
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.