How new tax rules will shake up charity firms

Clients seek services at KRA headquarters in Nairobi on February 23, 2024.

Photo credit: File | Wilfred Nyangaresi | Nation Media Group

Kenya has introduced new tax rules to govern donations to charitable organisations and the use of the proceeds given to such institutions, in a move aimed at sealing loopholes for tax evasion.

The new guidelines under the Income Tax (Charitable Organisations and Donations Exemption) Rules, 2024 were gazetted mid last month, replacing the rules that have been in place since 2007.

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