Firms investing outside Nairobi to pay lower taxes from January

Times Tower in Nairobi, the headquarters of Kenya Revenue Authority (KRA). Picture taken on Thursday, October 15, 2020. PHOTO | DENNIS ONSONGO | NMG

Firms investing at least Sh250 million annually outside Nairobi and Mombasa will from Saturday pay less tax in government efforts to spur economic activities outside the two cities.

This follows the reintroduction of a 100 percent investment deduction when calculating corporate income taxes, which allows firms to recover the worth of their spending on buildings and machinery from taxes.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.