The Kenya Revenue Authority (KRA) has set an 8% interest rate for fringe benefits and deemed interest rates for loans and benefits provided to employees. This new rate will be in effect from July to September 2026.

• The 8% rate applies to Fringe Benefit Tax, Deemed Interest, and Low Interest Benefit.
• The Kenya Revenue Authority (KRA) is the organization implementing this change.
• A 15% withholding tax applies to the Deemed Interest Rate, payable within 5 working days.