Taxation of Rental Income

Tubonge Tax

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.

3+ y ago 8:46

MP3•Episode home

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.

--- Send in a voice message: https://anchor.fm/storizaushuru/message

36 episodes

#Kenya Revenue Authority #Books #Arts #Tubonge Tax