|Non-resident company (branches)||37.5%|
|Person with gross business income whose turnover does not exceed 3%
Kshs 5 million pa. (from 1 January 2008)
|Newly listed company (NLC)||27%, 25% & 20%*|
Export Processing Zone enterprises:
|Special Economic Zones Enterprise, Developer and operator:
|Tax on residential rental income (income below KShs144,000 per year)||NIL|
|Residential rental income tax (income above KShs 144,000 pa but not exceeding Kshs. 10 million per year)||1O % of the gross rental income**|
|Tax on residential rental income (income above Kshs.10 million pa.)||Normal taxation rates (individual rates or corporate rate for companies)|
|Company that has constructed at least 400 affordable approved housing units in a year||15%|
*The 27% rate applies where at least 20% of the issued share capital listed for NLC listed after 1st January 2002 for 3 years following the year of listing; 25% (at least 30% issued share capital listed) for those listed after 1 January 2003 for five years following the year of listing; and 20% (at least 40% issued share capital listed) for those listed after 1st January 2006 for five years, following the year of listing.
*25% for SMEs that introduce their shares at the stock exchange.
** A taxpayer may elect to the Commissioner to opt out of the residential rental income tax rate of 10% on gross rental receipts, Where the taxpayer opts out of the residential rental income tax, normal rates of taxation will apply. That is, 30% of the taxable profits if the taxpayer is a body corporate or tax at the individual rates of tax if the taxpayer is an individual.