KRA raises tax on employee benefits

Times Tower in Nairobi, the Kenya Revenue Authority headquarters. FILE PHOTO | DENNIS ONSONGO | NMG

The Kenya Revenue Authority (KRA) has dealt workers a blow by raising the tax rate charged to employers granting employee benefits.

In the adjustment, the taxman has raised the fringe benefits tax to 11 percent for the next three months until September on account of the prevailing high market interest rates —the second successive raise since the April-June window.

PAYE Tax Calculator

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