KRA storms Estates to corner tax cheat Landlords
BY CORRESPONDENT
The Kenya Revenue Authority (KRA) now raids estates to literally track down landlords and force them into paying rental income taxes from the rents collected from tenants.
In the Finance Act, 2023 property agents are required to deduct and remit rental income tax within 24 hours after receiving the payment from tenants.
KRA Commissioner General Humphrey Wattanga Mulongo. PHOTO | COURTESY
The new law, requires landlords with annual rental income of between sh 288,000 (sh24,000 per month) and sh15 million (1.25 million per month) to file a monthly tax return declaring the gross earnings rent from which tax is computed at the rate of 7.5 percent.
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