An investigative podcast hosted by world-renowned literary critic and publishing insider Bethanne Patrick. Book bans are on the rise across America. With the rise of social media, book publishers are losing their power as the industry gatekeepers. More and more celebrities and influencers are publishing books with ghostwriters. Writing communities are splintering because members are at cross purposes about their mission. An all-new season of the investigative podcast Missing Pages premieres ...
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Taxation of Rental Income
MP3•Episode home
Manage episode 344524067 series 3254509
Content provided by Kenya Revenue Authority and Tubonge Tax. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Kenya Revenue Authority and Tubonge Tax or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Taxation of rental income under the annual regime
- Rent is charged on the actual amount received.
- Expenses incurred to generate rent are allowed under section 15 of the Income Tax Act.
- Tax is calculated under the annual individual graduated scale or corporate rate of 30%.
- Rent on non-residential buildings(Commercial) is a taxable supply under the VAT Act(No.35 of 2013)- Laws of Kenya.
Who qualifies for monthly rental income?
- Any resident person (individual or company).
- The tax applies to rental income earned for the use or occupation of a residential property.
- Landlords earning residential rental income of between Kshs 288,000 p.a and Kshs. 15M p.a.
36 episodes
MP3•Episode home
Manage episode 344524067 series 3254509
Content provided by Kenya Revenue Authority and Tubonge Tax. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Kenya Revenue Authority and Tubonge Tax or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Taxation of rental income under the annual regime
- Rent is charged on the actual amount received.
- Expenses incurred to generate rent are allowed under section 15 of the Income Tax Act.
- Tax is calculated under the annual individual graduated scale or corporate rate of 30%.
- Rent on non-residential buildings(Commercial) is a taxable supply under the VAT Act(No.35 of 2013)- Laws of Kenya.
Who qualifies for monthly rental income?
- Any resident person (individual or company).
- The tax applies to rental income earned for the use or occupation of a residential property.
- Landlords earning residential rental income of between Kshs 288,000 p.a and Kshs. 15M p.a.
36 episodes
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