TAXATION OF MONTHLY RESIDENTIAL RENTAL INCOME (MRI) IN KENYA

TAXATION OF MONTHLY RESIDENTIAL RENTAL INCOME (MRI) IN KENYA

The Finance Act 2015 introduced a new Section 6A in the Income Tax Act Cap 470 Laws of Kenya, which provides for a simplified tax regime on taxation of  rental income. ‘The tax to be known as Residential Rental Income Tax shall be payable by any resident person (individual or company) from income which accrued in or derived from Kenya for the use or occupation of residential property’

Read more Rent Income tax

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