The Kenya Revenue Authority has published 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 April, May, and June 2026, which has been maintained at 8%.
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 the fringe benefit is the difference between the interest …