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Kenya Reduces Market and Deemed Interest Rates for Fringe Benefit Tax and Non-Resident Loans and Interest Rate for Low Interest Loans

|Approved Changes|Kenya
Kenya

The Kenya Revenue Authority has issued a public notice on the market interest rate for fringe benefit tax purposes and the deemed interest rate for certain non-resident loans for the months of January, February, and March 2025, which has been reduced to 13%. The notice also provides the prescribed interest rate for the low interest (loan) benefit, which has been reduced from 16% to 14% for the…

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