| TAX
HEAD |
TAX
RATE |
STRUCTURE
COMMENTS |
Individual
Income Tax
Appendix 1 (a) |
10%,
20%,
30% |
Progressive
with threshold
of Shs. 1,560,000,00 for
Resident individuals only |
| Corporate
Income Tax |
30%
30%
25% - 45% |
Resident
Companies
Non-Resident Companies
For Mining Companies |
| Individual
Rental Income Tax |
20% |
Computed
at 80% of Gross
rent after allowing threshold
of Shs. 1,560,000,00
Taxable separately |
| Tax
for Small Business Taxpayers |
1% |
Computed as percentage of
Gross annual Turnover.
Small Business taxpayer
means Turn over above
5 million and not exceeding
Shs. 50 Million a year. |
| PAYE
Tax |
10%,
20%,30% |
With
free monthly pay
of Shs. 130,000,00 |
Withholding Tax:
| Commercial
Transaction |
4% |
of
Gross Payment |
| Professionals |
4% |
of
Gross Payment |
| Imports |
4% |
of
Gross Customs Value
of goods imported. |
| Dividends/Interest |
15% |
of
Gross payment |
| Non
residents |
15% |
of
Gross Payment |
Telecommunication
Services (section 87(4) |
5% |
of
Gross Payment |
| Shipping
& Aircraft |
2%
|
of
Gross Payment |
| Trustee
Income |
30% |
of
Income |
| Retirement
Fund |
30%
|
of
Income |
Appendix 1
(a)
Individual Income Tax Rate Structure
| Total
Income (Resident)U.Shs |
Tax
Shs |
| 0
- 1,560,000.00 |
0 |
| 1,560,001.00
- 2,820,000.00 |
10%
of excess |
| 2,860,001.00
- 4,920,000.00 |
Sh.
126,000.00 + 20% of excess |
| 4,920,001.00
and over |
Shs.
546,000 + 30% of excess |
| Total
Income (Non Resident) Shs. |
Tax
Shs. |
| 0
- 2,820,000.00 |
10% |
| 2,820,001.00
- 4,920,000 |
Shs.282,000.00
+ 20% of excess |
| 4,920,001
and over |
Shs.702,000.00
+ 30% of excess |
(b)
PAYE and tax rate structure:
Total
monthly employment Income
U - Shs |
Monthly
PAYE Tax Shs. |
| 0
- 130,000.00 |
0 |
| 130,001.00
- 235,000.00 |
10%
of excess |
| 235,001.00
- 410,000.00 |
Shs.10,500
+ 20% of excess |
| 410,001
and over |
Shs.
45,500 + 30% of excess |
|
|
