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 October, November, and December 2026, which has been increased to 9% from the 8% rate for the previous 3-month period.
Fringe benefit tax is payable by employers in respect of a loan provided at an interest rate lower than the market interest rate to a director or an employee. The taxable value of th…