Kenya: Fringe Benefit Tax, Deemed Interest Rate and Low Interest Benefit
As per the Public Notice 12/01/2022 posted by the Kenya Revenue Authority, the rates remain at 7%.
Fringe benefit tax rate:
For the purposes of Section 12B of the ITA, the market interest rate is 7%. This rate shall be applicable for the months of January, February and March 2022.
Deemed interest rate:
For purposes of section 16(2)(ja) of the ITA, the prescribed rate of interest is 7%. This rate shall be applicable for the months of January, February and March 2022.
Low interest benefit rate:
For purposes of section 5(2A), the prescribed rate of interest is 7%. This rate shall be applicable for the months of January, February, March, April, May and June 2022.
Related Articles
KENYA: FRINGE BENEFIT TAX & DEEMED INTEREST RATE
FRINGE BENEFITS TAX For the purposes of Section 12B of the Income Tax Act, the Market Interest Rate is 9%. This rate shall be applicable for the three months of October, November, and December 2022. DEEMED INTEREST RATE For purposes of section ...
Kenya – Fringe Benefit Tax, Deemed Interest Rate and Low Interest Benefit 2024
On the 22nd of January 2024, the Commissioner for Domestic Taxes announced the following via Public Notice. Kindly be advised on the Fringe Benefit & Deemed Interest Rate for the months of January, February, and March 2024. Please also take note of ...
Kenya | Fringe Benefit Tax market interest rate 2026
Kenya Revenue Authority Public Notice (Public Notices 22/01/2026) on fringe benefit tax and low interest benefit was issued on 22 January 2026, with key rates effective in January–March 2026 and January–June 2026. What is changing Market interest ...
Kenya Payroll Tax Guide 2024
The Kenya Payroll Tax Guide is an easy-to-understand summary of statutory contributions associated with payroll for the 2024 tax year.
Kenya Payroll Tax Guide 2025
The Kenya Payroll Tax Guide is an easy-to-understand summary of statutory contributions associated with payroll for the 2025 tax year.