KRA Sets New Interest Rate for Employer Loans From July
submitted about 22 hours ago by Samuelwriter_ke
submitted about 22 hours ago by Samuelwriter_ke
- The Kenya Revenue Authority (KRA) has set an 8 percent interest rate for fringe benefits and deemed interest, which will affect how employers are taxed on loans and benefits given to employees from July to September 2026.
- This means that employees receiving low-interest loans or other non-cash perks will face new tax obligations, and employers must ensure they comply with the 15 percent withholding tax on deemed interest within five working days.
Advertisement
No comments yet
Be the first to share your opinion!