Kenya Publishes Guidelines for Withholding Tax on Natural Resource Income
On 20 February 2015, the Kenya Revenue Authority published Guidelines for Withholding Tax on Natural Resource Income. The withholding tax was introduced with effect from 1 January 2015. Key aspects of the guidelines include:
- Natural resources include minerals, sand, quarries, fish, timber, etc.
- Natural resource income includes an amount including a premium or such other like amount paid as con…