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Kenyan Guide Released On Natural Resources WHT

by Lorys Charalambous, Tax-News.com, Cyprus

03 March 2015


The Kenya Revenue Authority has issued guidelines on the new withholding tax on natural resource income, which became effective on January 1, 2015.

An amended section in the country's tax code now states: Where a resident or a person with a permanent establishment in Kenya makes a payment in respect of natural resource income, the amount thereof will be deemed as having been accrued or derived in Kenya. Accordingly, tax is to be withheld at source on that income.

The withholding tax rate is 20 percent when payment is made to non-residents and five percent when payment is made to residents. The withholding tax does not, however, apply if the recipient of the natural resource income is exempt from income tax.

Natural resources income is defined as "an amount, including a premium, or such other like amount, paid as consideration for the right to take minerals or a living or non-living resource from land or sea; or an amount calculated in whole or in part by reference to the quantity or value of minerals or a living or nonliving resource taken from land or sea."

TAGS: tax | business | mining | revenue guidance | oil and gas | tax rates | withholding tax | Kenya

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