PAYE Guide - Kenya Revenue Authority

More documents

Recommendations

Info

ISO 9001:2008 CERTIFIED DEAR EMPLOYER The 2008 Finance Act contains a few amendments to the Income Tax Act (Cap 470) which affect the operation of <strong>PAYE</strong>. 1. CAR BENEFIT Where an employee has a restricted use of a motor vehicle provided to him by his employer, the Commissioner shall determine a lower rate of benefit depending on the usage of the motor vehicle. The value of motor vehicle benefit, like housing benefit and unlike all other benefits will no longer be determined on the basis of cost to employer or the fair market value. 2. HOUSING BENEFIT The housing benefit for a director and a whole time service director shall be the higher of 15% of total income (or employment income, in case of whole time service director), the fair market rental value and the actual rent paid by the employer. 3. FREE OR SUBSIDIZED EDUCATION Free or subsidized education granted to “low income employees” dependents by employers who are educational institutions is a tax exempt benefit in the employees’ hands. The employer is also not taxable on the fees forgone. 4. MEALS TO LOW INCOME EMPLOYEES Meals served to low income employees in a canteen or cafeteria operated or established by the employer are a tax exempt benefit. The meals may be outsourced by the employer provided that the canteen or cafeteria is established by the employer. A “low income employee” is an employee whose emoluments do not attract tax at the rate of more than 20%. 5. EMPLOYEE SHARE OWNERSHIP PLAN [ESOPs] For clarification purposes, benefits arising from ESOPs not registered by the Commissioner are taxable. The effective date of all these changes is 13 th June, 2009. F. K. MULEI COMMISSIONER OF DOMESTIC TAXES 2
P.38 TAX TABLES TAX TABLE FOR MONTHLY INCOME: YEAR 2009 MONTHLY TAXABLE INCOME (INCOME BRACKETS) For Taxable Income under Kshs. 10,165 For Taxable Income from Kshs. 10,165 but under Kshs. 19,741 For Taxable Income form Kshs. 19,741 but under Kshs. 29,317 For Taxable Income from Kshs. 29,317 but under Kshs. 38,893 For taxable Income from Kshs. 38,893 and above. TAX ON TAXABLE INCOME Kshs. 1,016 on Taxable Income of TAX RATE IN EACH SHILLING Kshs. 10,164 10% Kshs. 1,016 plus Kshs. 1,436 Tax on Taxable Income of Kshs. 9,576 15% Kshs. 2,452 plus Kshs. 1,915 Tax on Taxable Income of Kshs. 9,576 20% Kshs. 4,367 plus Kshs. 2,394 Tax on taxable Income of Kshs. 9,576 25% Kshs. 6,761 plus Tax calculated at 30% on Taxable Income over Kshs. 38,892 30% 3
Page 1: KENYA REVENUE AUTHORITY DOMESTIC TA
Page 5 and 6: PART III - TAX DEDUCTION CARDS …
Page 7 and 8: GENERAL 1. "PAY AS YOU EARN" APPLIE
Page 9 and 10: Any amount not paid in cash but cre
Page 11 and 12: Tax Act. It is payable by the emplo
Page 13 and 14: Calculation for Value of Quarters B
Page 15 and 16: earned on deposits not exceeding Ks
Page 17 and 18: Example: An employee X has furnishe
Page 19 and 20: (iv) Deduct personal relief for the
Page 21 and 22: (i) "B" is employed as an Accountan
Page 23 and 24: (iii) FORM P9B This card is used in
Page 25 and 26: ank, he should make full representa
Page 27 and 28: 2. RETURN OF DOCUMENTS TO DOMESTIC
Page 29 and 30: Enter column (K) for January (month
Page 31 and 32: APPENDIXES 31
Page 33 and 34: APPENDIX 1B INFORMATION REQUIRED FR
Page 35 and 36: ISO 9001:2008 CERTIFIED APPENDIX 2A
Page 37 and 38: KENYA REVENUE AUTHORITY APPENDIX 3A
Page 39 and 40: END OF YEAR: Finally enter the tota
Page 41 and 42: APPENDIX 4A TABLE I HOW TO FILL IN
Page 43 and 44: APPENDIX 4C TABLE 1 (TAX FREE REMUN
Page 45 and 46: ISO 9001:2008 CERTIFIED APPENDIX 5
Page 47 and 48: ISO 9001:2008 CERTIFIED P.10A DOMES
Page 49 and 50: ISO 9001:2008 CERTIFIED DOMESTIC TA
Page 51 and 52: ISO 9001:2008 CERTIFIED DOMESTIC TA
Page 53 and 54:
APPENDIX 7A ISO 9001:2008 CERTIFIED
Page 55 and 56:
APPENDIX 7B ISO 9001:2008 CERTIFIED
Page 57 and 58:
ISO 9001:2008 CERTIFIED MONTHLY AVE
Page 59 and 60:
ISO 9001:2008 CERTIFIED ANNUAL AVER
show all

PAYE Guide - Kenya Revenue Authority

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?