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Tax Rates

(a) Personal Income Tax Rates:

Personal Income Tax Rates with effect from 1 st April, 2009 are as follows:

Chargeable Income per annum		Tax Rate
First K 8, 400, 000	@	0%
Next K 7, 620, 000	@	25%
Next K33, 000, 000	@	30%
Balance	@	35%

(b) Company Tax Rates:

On income from LUSE listed companies	@	33%
On income from manufacturing & other	@	35%
On income from banks registered under the Banking and Financial Institutions Act, Income up to K250,000,000	@	35%
Income in excess of K250,000,000	@	45%
On income from farming	@	15%
On income from non – traditional exports	@	15%
On income from business for charitable organizations	@	15%
Business enterprise operating in a priority sector declared under The ZDA Act, 2006 for first 5 yrs rate reduced by 50% from 6 – 8 yrs rate reduced by 25% from 9 – 10 yrs	@	0%
On income from chemical manufacture of fertilizer	@	15%
On income of Trusts, Deceased or Bankrupt Estates	@	35%

On income from rural enterprises – tax chargeable is reduced by 1/7 for a period of 5 yrs

(c) Withholding Tax Rates:

(i) Individuals:

Dividends (final tax)	@	15%
Interest (final tax)	@	15%
Royalties, Management and Consultancy Fees	@	15%
Rents	@	15%
Interest on treasury bills (final tax)	@	15%
Commissions	@	15%

(ii) Persons other than individuals

Dividends (final tax)	@	15%
Interest (not final tax)	@	15%
Royalties, Management and consultancy Fees, Commissions	@	15%
Interest on treasury bills (final tax for exempt organizations)	@	15%
	@	15%