On 20 February 2015, the Kenya Revenue Authority published Guidelines for Withholding Tax on Natural Resource Income. The withholding tax was introduced with effect from 1 January 2015. Key aspects of the guidelines include:
- Natural resources include minerals, sand, quarries, fish, timber, etc.
- Natural resource income includes an amount including a premium or such other like amount paid as consideration for the right to take natural resources from land or sea; or an amount calculated in whol…