Tax Report
What it does
The Tax Report generates a summary of Withholding Tax (WHT) deducted from your bond coupon income for a chosen calendar year. Kenya requires bond issuers to deduct 15% WHT at source on FXD coupon payments. IFB (Infrastructure Bond) coupons are exempt.
The report pulls your portfolio holdings and calculates coupon payments received during the year, WHT deducted, and net income per bond. It can be exported as CSV (Investor plan) or PDF (Family plan) for submission with your Kenya Revenue Authority (KRA) annual return.
When to use it
- Filing your KRA annual income tax return — the report provides the gross coupon income and WHT figures you need.
- Reconciling against your broker's WHT certificate to ensure all deductions are correctly accounted for.
- Year-end financial planning — see your total net bond income for the year.
Annual WHT report for tax year 2025
You hold three bonds. In 2025 each paid two semi-annual coupons. FXD bonds had 15% WHT deducted; the IFB was WHT-exempt. The report summarises your entire year in one table.
Example output
| Bond | Face Value | Gross Coupons 2025 | WHT (15%) | Net Coupon Income | WHT Exempt |
|---|---|---|---|---|---|
| FXD1/2026/2 | KES 1,000,000 | KES 160,000 | KES 24,000 | KES 136,000 | No |
| FXD1/2028/5 | KES 1,500,000 | KES 215,850 | KES 32,378 | KES 183,473 | No |
| IFB1/2031/12 | KES 500,000 | KES 62,500 | KES 0 | KES 62,500 | Yes |
| Total 2025 | KES 3,000,000 | KES 438,350 | KES 56,378 | KES 381,973 | — |
Your gross bond income for 2025 was KES 438,350. WHT of KES 56,378 was deducted at source. Net income received: KES 381,973. These figures go directly into your KRA P9 form.
Column reference
| Column | Description |
|---|---|
| Gross Coupons | Sum of all coupon payments received during the tax year, before WHT deduction. |
| WHT (15%) | Withholding tax deducted by the bond issuer/CBK before paying you. Only applies to FXD bonds. |
| Net Coupon Income | What you actually received in your account: gross coupon minus WHT. |
| WHT Exempt | IFB bonds are exempt under Kenyan tax law — no WHT is deducted from their coupons. |
Limitations
- The report is based on holdings recorded in the Portfolio Tracker — bonds not added to the tracker will not appear.
- Coupon dates are calculated from bond data in the database. If a bond's settlement date is incorrect, the coupon schedule will be off.
- Does not cover capital gains tax on secondary market bond sales (Kenya currently does not tax bond capital gains for retail investors, but verify with a tax advisor).
- PDF export requires the Family plan. CSV export is available on the Investor plan.
If you are in a high income bracket, the 15% WHT on FXD coupons is a real cost. An IFB yielding 14% net equals an FXD yielding 16.5% gross (14% ÷ 0.85). Use the Bond Comparator to check whether available IFBs clear that threshold.