Withholding Tax

Most African countries apply tax on interests earned (withholding tax), which is applied to investor and MYC4 earnings. The withholding tax paid in an African country should be deductable from the tax you pay in the country where you are a normal taxpayer, and you need to look into this before you declare your taxes. The specific percentages for the countries that we are working in are disclosed below.

The numbers are updated by our system and aims to reflect the most current rates.

For more information and explanation of withholding tax, click here.

CountryWithholding Tax Rate
Kenya 15.00%
Tanzania 10.00%
Uganda 15.00%