Kenya Tax Agency Announces Interest Rates for Fringe Benefit Tax, Deemed Interest, Low Interest Benefit

The Kenyan Revenue Authority Jan. 22 announced the interest rates for Q1 2026 fringe benefit taxes and deemed interest, and the Q1 and Q2 2026 low interest benefit rate. The announcement includes that: 1) the market interest rate for fringe benefit taxes in Q1 2026 is 8 percent; 2) the deemed interest rate for Q1 2026 is 8 percent, and is subject to a 15 percent withholding tax rate that must be deducted and paid within five working days; and 3) the prescribed interest rate for low interest benefits in Q1 and Q2 2026 is 8 percent. [Kenya, Kenya Revenue ...