clarifications on qualifying withholding tax certificates

Clarifications on qualifying withholding tax certificates

KRA has issued the below clarifications on withholding tax certificates

 Please note that if you have a Withholding Tax Certificate for the following transactions: Dividends(Qualifying), Qualifying Interest(Bearer Instruments), Qualifying Interest(Housing Bonds), Pension/Retirement Annuity (Lumpsum Payment), then the Withholding Tax deducted is final and you are not required to declare the respective income and the corresponding Withholding Tax certificates in your Income Tax Return.

 However you will be required to declare in the Income Tax Return all the other incomes and other Withholding certificates for the other transactions liable to Withholding tax as the Withholding tax is not final tax on such incomes.