
Chess Financial Planning
February 26, 2025 at 11:58 AM
Taxes on Returns from Various Asset Classes
1. Money Market Funds (MMF): 15% Withholding Tax (WHT)
2. Infrastructure Bonds: Tax-Free
3. Fixed Coupon Bonds: 10% WHT for bonds with tenors of 10 years and above and 15% for bonds below 10 years.
4. Treasury bills - 15% WHT
5. SACCO Dividends: 5% WHT
6. SACCO Rebates: 5% WHT
7. Stock Dividends: 5% WHT