Calendar

Individual Income Tax

This is a tax on all incomes of an individual that is deemed to have been accrued or derived from Kenya. Monthly personal relief of ksh 1162 Or 13944 is allowable.

This tax is paid in installments and the balance paid on or before 20th of April of the following year. Returns are filed on or before 30th June.

Corporation Tax

Corporation tax is levied on corporate bodies such as Limited Liability Companies, Trusts, and Co-operatives. Resident Companies are taxed at a rate of 30% while Non-resident Companies are taxed at the rate of 37.5%.

This tax is payable in installments and balance paid on or before the 20th day of the 4th month following the end of accounting period. Returns are filed on or before the end of the 6th month following the end of accounting period.

Pay As You Earn (PAYE)

PAYE is a method of collecting tax at source from individuals in gainful employment. Any payment for temporary or casual employment are subject to this method of tax recovery after personal relief of ksh 1,162 pm.

Returns are filed by employer and tax payable monthly on or before the 9th Day of the following month. Click to Download Full Document on PAYE

Value Added Tax (VAT)

VAT is a consumer tax levied on taxable goods and services supplied in Kenya or imported into Kenya. Returns are filed and tax payable on or before the 20th of the following month.

 

Turn Over Tax (TOT)

This is a final tax payable under the Income Tax Act applicable to Resident persons whose turnover from business is between ksh. 500,000 and ksh. 5million per year. It is charged at 3% on gross sales. Returns are filled and and tax payable quaterly on or before 20th day of the month following the quater .

Withholding Income Tax

This is a method whereby the payer of certain incomes deducts tax at source from payments due to certain payees. Income subject to this tax include payments for management and consultancy services, dividends, among others. It is deducted and remitted on or before the 20th day of the following month.

Withholding Value Added Tax (WVAT)

This is tax deducted by appointed Withholding Tax Agent from their suppliers at 6%, at the point of payment.The deducted tax is remitted on or before the 20th day of the following month .

 

 

Residential Rental Income Tax

This is a tax charged on residential property owners at 10% of grss rent received that is not less than Ksh 144,000 and not more than Ksh 10,000,000 per year. Returns are filled and tax payable on or before the 20th of the following month.

 

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