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APPENDIX

Taxation table

Income Tax

Standard personal income tax rates

Income band

Kl to K39,600 K39,601 to 49,200 K49,201 to K74,400 Over K74,400

Income from farming for individuals Kl to K39,600

Over K39,600

Company Income Tax rates

On income from manufacturing and other On income from farming

On income from mining operations

Taxable amount first K3 9,600 next K9,600 next K25,200

first K39,600

Rate 0 25 30 37.5

0 10

35 10 30

Implements, plant and machinery and commercial vehicles:

Wear and Tear Allowance - Plant used normally

Used in Manufacturing and Leasing Used in farming and agro-processing Used in mineral processing

Non- commercial vehicles Wear and Tear Allowance

25 50 100 20

20

Industrial Buildings:

Wear and Tear Allowance Initial Allowance Investment Allowance Low Cost Housing

Wear and Tear Allowance Initial Allowance

Commercial Buildings Wear and Tear Allowance

Farming Allowances Development Allowance Farm Works Allowance

Farm Improvement Allowance

(Cost up to K20,000)

5 10 10

10 10

2

10 100 100

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Presumptive Taxes

Turnover Tax

Presumptive Tax for Transporters

4

Seating capacity

From 64 passengers and over From 50 to 63 passengers From 36 to 49 passengers From 22 to 35 passengers From 18 to 21 passengers From 12 to 17 passengers

Less than 12 passengers and taxis

Property Transfer Tax

Tax per annum K

10,800 ~,OOO 7,200 5,400

3,600 '1,800

900

Tax per day

K

29.60 24.70 19.70 14.80

9.90 4.90 2.40

Rate of Tax on Realised Value of Land, Land and Buildings and shares 5% Rate of Tax on Realised Value on a transfer or sale of a mining right 10% Rate of Tax on Realised Value on a transfer of Intellectual Property 5%

Value Added Tax

Registration threshold K800,000

Standard Value Added Tax Rate (on VAT exclusive turnover) 16%

NOTE: ABOVE IS THE TAXATION TABLE TO HELP ANSWER THE QUESTION POSTED