Taxation of Dividends in Kenya | Ronalds LLP

The Finance Act, 2018 introduced a tax at corporate rate on untaxed gains or profits from which dividends are distributed with effect from 1st January
2019.This amendment was intended to repeal the requirement by companies to maintain a dividend tax account. Therefore, compensating tax which would be chargeable on distribution of untaxed gains or profits was also abolished.

This change came into place to ensure that any dividends distributed from untaxed gains are subjected to tax at the appropriate rate.

Please follow and like us:

Leave a comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ronalds LLP

Follow by Email
Get In Touch
close slider
1 Step 1
Full Names
Phone Number
Messagemore details
0 /
FormCraft - WordPress form builder