Understanding the Tax Appeals Tribunal Ruling on VAT and Its Impact on the Real Estate Industry 

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.

Withholding Tax on Rental Income

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.

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