The Kenya Revenue Authority (KRA) has cast its rental-tax net wider to include landlords and property owners with annual incomes surpassing the Ksh. 10 million mark. The big-time proprietors will now be required to make appropriate payments for their annual incomes along with the full disclosure of the gross revenues while filing returns. Landlords with annual incomes above Ksh.10 million were originally exempt from paying rental income tax charged at 10 percent of gross rent received. The levy is paid either monthly, quarterly, semi-annually or annually with returns being filed monthly. The tax is payable on or before the 20th day of the month with non-compliance in filing attracting a penalty of 5 percent of due tax with a cap of Ksh. 20,000 while delayed payments further attract an interest of 1 percent for each month. Introduced first in January of 2016, compliance for rental tax has been on the downside prompting KRA to double-down its enforcement efforts.
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