Tax

Explore the recent Tax Appeals Tribunal (TAT) decision exempting real estate agents providing financial services from VAT on commissions. Unveiled on November 24, 2023, this ruling has profound implications for investors, agents, and regulators. Learn about the direct cost savings for investors, the competitive landscape for agents, and the decision's impact on regulatory clarity.

Stamp duty payment is governed by the stamp duty Act Cap 480 of the Laws of Kenya (the “Act”). It is an act of Parliament that makes provision for the levying and administration of stamp duties.

Kenya’s real estate sector continues to record commendable growth, which is expected to continue in the foreseeable future.

A property vendor is required to properly determine the tax that is applicable on the gain made. It is important to ensure that proper taxes are paid within the required timelines...

The Kenyan law provides for a simplified tax regime on residential rental income ranging from Kshs. 288,000.00 to Kshs. 15,000,000.00 per annum.

Withholding tax is a retention tax that requires the payer of certain incomes to deduct tax at source from payments made and remit the deducted tax to Kenya Revenue Authority (KRA). The withholding tax rate varies depending on the nature of the income earned and on whether one is a Kenyan resident or a non- resident.