Individual income tax
The income tax rate for individuals depends on the income bracket in which the individual falls.
This will be applicable to individual players and directors to the construction companies.
Click here to access the income tax rates.
Pay As You Earn (PAYE)
Any employee who is employed by a construction company is required to obtain a TIN, and the employer (Company) has a duty to register for Pay As You Earn (PAYE), in order to withhold from each employee who earns a monthly salary in excess of 235,000/= and remits it to URA.
Click here for the PAYE rates
Withholding tax (WHT) is income tax that is withheld at source by one person (Designated withholding agent) upon making payment to another person (payee), at a rate of 6% and remits it to URA
Please note: The tax withheld is credited/ reduced on the tax payable in the Payee’s final income tax return.
Click here for information on Withholding tax.