internal revenue commission

IRC now has presence on social platform;

• IRC Facebook Page
• IRC Youtube Channel
• IRC Instagram Page
• IRC Twitter Page
• IRC LinkedIn Page

TAX TYPES & TAX RATES;

• BOOKMAKERS TURNOVER TAX – 15% of taxable Turnover
• BUSINESS INCOME PAYMENT TAX – 10%
• CORPORATE INCOME TAX (residents) – 30%
• CORPORATE INCOME TAX (APT) (residents) – 30%
• CORPORATE INCOME TAX (Non-Residents) – 48%
• DEPARTURE TAX – K30.00/pax (International departures)
• DIVIDEND WITHHOLDING TAX – 15% (DTA: 10%)
• FOREIGN CONTRACTORS WITHHOLDING TAX – 15%
• GAMING MACHINE TAX – 55% of gross profit
• GOODS AND SERVICES TAX – 10%
• INTEREST WITHHOLDING TAX – 15% (DTA: 10%)
• MANAGEMENT FEE WITHHOLDING TAX – 17%
• NON-RESIDENT ROYALTY WITHHOLDING TAX – 10% if paid to non-associate; 30% if paid to associates
• NON-RESIDENT INSURER WITHHOLDING TAX – 10% of premium is deemed taxable income and taxed at 48% (non-resident rate) .
• PERSONAL INCOME TAX – 0 – 42% depending on higher income = higher tax.
• PRESCRIBED ROYALTY WITHHOLDING TAX – 5%
• SALARY & WAGES WITHHOLDING TAX – 0 – 42% depending on higher income = higher tax.
• STAMP DUTY – Various rates depending on property transaction and value, most conveyance is at 5% of value of property.

*Tax rates are current at 2020.