submitted 2 months 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.
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