Income Tax Rate Kenya

Effective 25 april 2020 the tax rates applicable to taxable income are tabulated as follows.

Income tax rate kenya. Personal relief of kshs. The tax rates for withdrawal before the expiry of 15 years from the date of joining a registered pension provident scheme or the nssf for withdrawals in excess of the tax free limits has been aligned to the individual tax rates above. Any amount paid to non resident individuals in respect of any employment with or services rendered to an employer who is resident in kenya or to a permanent establishment in kenya is subject to income tax charged at the prevailing individual income tax rates. Income tax rates for employment income in kenya are graduated rates from ten per cent 10 to the highest being thirty per cent 30.

Companies that are based outside kenya but operate in kenya or have a branch in kenya pay corporation tax on income accrued within kenya only. Taxation for non resident s employment income. Kenya paye calculator with income tax rates of april 2020 calculate kra paye deductions salary net pay personal relief nhif and nssf contributions. Income tax rates and thresholds annual tax rate taxable income threshold.

Non resident employees are taxable only on their income earned from within kenya or derived from kenya. Personal income tax rates. Income tax rates for individual taxpayers persons who transact business in kenya as individuals sole proprietorships or partners must account for their individual income tax. This is a form of income tax that is levied on corporate bodies such as limited companies trusts and co operatives on their annual income.

Rates corporate income tax rate 30 in general branch tax rate 37 5 capital gains tax rate 5 residence a company or similar corporate entity is tax resident if it is incorporated under kenyan law if management and control of its affairs are exercised in kenya or if the secretary of finance declares the. Nilai saat ini data historis perkiraan statistik grafik dan kalender ekonomi kenya tarif pajak individu. Kenya residents income tax tables in 2019. Personal income tax rate in kenya is expected to reach 30 00 percent by the end of 2020 according to trading economics global macro models and analysts expectations.

Annual taxable income kes tax rate on the first 288 000.