K
Originally published by Kenyans
📰 Read Full Article
top
October 21, 2025
14h ago

KRA Sends Notice to Employers on Remittance of Taxes

KRA Sends Notice to Employers on Remittance of Taxes

The notice on the taxes will apply for the next three months...

✨ Key Highlights

The Kenya Revenue Authority (KRA) has announced new rates for Fringe Benefits Tax and Deemed Interest Tax, effective for October, November, and December 2025. Employers are urged to comply with these updated tax obligations.

  • The Fringe Benefits Tax rate is set at 8%, applicable when employers offer loans to employees at rates below the market interest.
  • The market interest rate for calculating Fringe Benefits Tax has been determined as 8% for the specified quarter.
  • The Fringe Benefit Tax is calculated on the "deemed interest benefit" at the corporate tax rate of 30%.
  • The Deemed Interest Rate, used to assess loan benefits, is also 8%.
  • The KRA emphasizes these measures to prevent tax avoidance and profit manipulation.

Continue Reading

Read the complete article from Kenyans

📰 Read Full Article