Tax Obligations: | Due By: | Penalties: |
---|---|---|
Exempted from tax on Surplus, (Profits) BUT only if with a Valid exemption certificate | None | None |
PAYE for Employees | 9th of the following Month | Penalty on late filing: 25% of the tax due or Kshs. 10,000. Penalty on late payment: 5% of the tax due and a late payment of 1% per month |
Withholding tax on Services –check WHT rates | 20th Day of the following month | Failure to deduct 10% of the tax. Late payment 5% of tax or Sh. 20,000 |