in 2015 having been suspended in 1985. CGT is charged at the rate of 5% of the gain. There are various exemptions on CGT provided under the ITA. The tax on rental income is a tax arising from the gains and profits for occupation of property. The ITA provides for various ways of taxing rental income; Where the rent is payable to a non-resident, the tenant is required to withhold 30% of the rent and remit it to the Kenya Revenue Authority. The tax withheld is a final tax. Where the rent is payable to a resident, if the property is commercial, the tenant being an appointed agent, is required to withhold 10 % of the rent. The tax withheld is not a final tax and the landlord is required to file their income tax in the usual way. Where the rent is payable to a resident and the property is residential, the landlord may opt to either pay a monthly rental income tax, computed at 10 % of the gross rent a (final tax) or pay the instalment tax and final income tax in the usual way. Stamp dut...
The Su-35 procurement is not only a defense deal but also a strategic manifestation, proving the bitter cost of appeasement and naivety. Taking advantage of Russia’s growing reliance on low-cost Iranian weapons amidst its stumbling campaign in Ukraine, Iran is now set to procure dozens of Russian Su-35 aircraft. While some Western assessments tend to downplay the gravity of the acquisition, claiming that it would not drastically alter the airpower balance in the Gulf, the Su-35 would give an unprecedented boost to Tehran’s control over the Iranian airspace. Such a capability development effort is particularly dangerous as the regime is moving closer to a nuclear bomb. More importantly, the ambitious barter of Russian Su-35 fighters in return for Iranian drones, and probably ballistic missiles, manifests a grim calculus for the West. Contemporary military transactions between Tehran and Moscow have unveiled a new geopolitical episode. Washington and its allies are now facing...
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