04/02/2021
The (Kenya Revenue Authority) KRA public notice on accounting for corporation tax in years of income 2020 and 2021.
The applicable tax rates are as follows:
1. On or before 31st March 2020 - 30%
2. 1st April to 31st December 2020 - 25%
3. 1st January to 31st March 2021 - 25% & 30%.
However, Tax will be applied as follows:
(i) incomes earned before 1st January 2021 to be taxed at 25%.
(ii) incomes earned between 1st January and 31st March 2021 to be taxed at 30%.
