Infrastructure bonds face 5pc tax

The Central Bank of Kenya in Nairobi.

The Central Bank of Kenya in Nairobi. 

Photo credit: File | Nation Media Group

Interest earned from future infrastructure bonds with tenures of at least three years will for the first time attract withholding tax at a rate of five percent if proposals in the Finance Bill 2024 sail through Parliament.

The infrastructure bonds (IFBs) have been tax-free since they were first issued in February 2009.

PAYE Tax Calculator

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