Skip to main content

Land Rights in Kenya: Land Rates and Taxes.

  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...
Post a Comment

Graduate traine position

 Pwani Oil Products Limited (POPL) is recruiting to fill the following Graduate Trainee Positions. 1) Industrial Chemistry/ Analytical Chemistry 2) Chemical & Process Engineering 3) Supply chain 4) ICT REQUIREMENTS • Age - Below 25 years • Graduated with 2nd Class Upper or above Kindly share your detailed CV by COB Friday 16, April 2021 to hr@pwani.net

Comments

Post a Comment

Popular posts from this blog

Land Rights in Kenya: Land Rates and Taxes.

  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...
Post a Comment
Read more

Iran’s Su-35 Aircraft Procurement Is More Dangerous Than You Think

 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...
Post a Comment
Read more

NAVIGATING TRENDS IN THE MARKET:Live Auction,Short term bubble or Long Run Trend?

Finance weekly What to Look Out for When Trading or Investing For beginner investors, it can be difficult to navigate trends in the market. Which are the short-term bubbles, and what trends are here to stay?      There seems to be a far- wide accepted narrative that ‘normal’ people can’t make money investing. They should simply put their funds into a so-called Robo-generator which will  put their cash into index-tracking passive investment funds. In reality, this type of investing (known as ‘black box’ investing) is being overtaken by new technological advancements that keep on getting better day by day. This investment approach also goes against the unfolding financial technology motives, that are driving the idea of creating a level- playing field for anyone committed and serious to reap it big from trading and investment. It looks backward to when investing was for the elite. However, investment is being democratized. As such, I want to talk about a ne...
Post a Comment
Read more