Kenya | Fringe Benefit Tax 2024

Kenya | Fringe Benefit Tax 2024

The Commissioner for Domestic Taxes has issued a new Public Notice regarding Fringe Benefit Tax and the Deemed Interest Rate.

Fringe Benefit Tax

For the purposes of Section 12B of the Income Tax Act, the Market Interest Rate remains 16%. This rate shall be applicable for the months of October, November and December 2024.

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