It’s a tax imposed on non-individual players in the sector at a standard rate of 30%.
Presumptive Tax (Income tax for small business)
This is a tax imposed on businesses in the sector using the rates applicable.
Click here for presumptive tax rates.
Pay As You Earn (PAYE)
This tax applies to a sector player who has employees that earn an aggregate in excess of 235,000 per month. This form of tax is withheld every month.
Click here for the PAYE rates
Withholding tax (WHT) is an income tax that is withheld at source by one person (withholding agent) upon making payment to another person (payee). If fish processing plant supplies goods above 1 million, the person to whom those goods are supplied charges withholding tax at a rate of 6%. The plant receives a Tax Credit Certificate that helps in offsetting tax liability in the final income tax return.
Click here for information on Withholding tax.