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...
Jobs in Kenya : Sharon(consult C Suite): Requirements • Kenya Certificate of Secondary Education (KCSE) with a mean grade C and a minimum grade of C- in Mathematics, English and Kiswahili. • Diploma in ICT or be in possession of the International Computer Driver’s License (ICDL) certification • Should be fluency in both English and Kiswahili. • Should be a person of high integrity • Demonstrate of Kenyan legal and court systems, a minimum of two (2) years previous hands-on experience (such as paralegal staff) in a busy law establishment in Kenya. • Excellent communication skills • Well-organized & excellent coordination skills • Can work under pressure • Team player How to Apply Interested candidates should sent their application along with detailed CV,Certificates and Testimonials indicating their Current and expected salary, their daytime contact details to hr@interwaysworks.co.ke by Monday 27th September, 202...