OrbitaxKenya Maintains Market and Deemed Interest Rates for Fringe Benefit Tax and Non-Resident Loans, Increases Rate for Low Interest Loans
|Approved Changes|Kenya
The Kenya Revenue Authority has issued a public notice on the market interest rate for fringe benefit tax purposes and the deemed interest rate for certain non-resident loans for the months of July, August, and September 2024, which has been maintained at 16%. The notice also provides the prescribed interest rate for the low interest (loan) benefit, which has been increased from 14% to 16% for…
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