The fringe benefit tax is a levy imposed on employees receiving extra benefits such as cheap loans in addition to their wages.
Taxable employment income in Kenya includes all payments made by an employer to an employee.
The Kenya Revenue Authority (KRA) has retained the fringe benefit tax at seven per cent for the next three months until June on prevailing low market interest rates.
The fringe benefit tax is a levy imposed on employees receiving extra benefits such as cheap loans in addition to their wages.
