KRA to conduct door-to-door rental income sensitisation
Kenya Revenue Authority (KRA) announces a door-to-door rental income sensitisation exercise in Nairobi
Kenya Revenue Authority (KRA) announces a door-to-door rental income sensitisation exercise in Nairobi.
In a move seen as s step towards increasing government revenue, KRA has announced data collection excise on rental income properties.
This comes as Ruto administration targets new revenue targets for the financial year 2024/2025.
Ruto set a new tax collection target of KSh 4 trillion for the Kenya Revenue Authority (KRA) to meet in the financial year 2024/25.
In a confidential notice posted on the X platform, KRA notified the Association of Nyayo Embakasi Property Owners of the planned visit.
KRA noted that field officers will visit the Nyayo Estate in Embakasi – Malaika Park Gate, Nairobi, on Saturday, November 11.
“The exercise will create awareness about rental income tax to landlords and residents. Field officers will undertake data collection excise on rental income properties,” said KRA Chief Manager, Rental Income.
The tax collector emphasized that the awareness training session is mandatory, stating that attendance aligns with the requirements of the Tax Procedures Act.
“Kindly take note that it is mandatory to comply with the requirements of the Public Notice and KRA legal statutes on provision of records to KRA as per section 24 & section 59 of the Tax Procedures Act and we look forward to a smooth operation,” KRA added.
As outlined by the Kenya Revenue Authority, rental income tax is imposed on gross residential rental income falling within the range of Kshs. 288,000 to 15,000,000 per annum.
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This tax constitutes 10% of the gross rent, payable on a monthly basis for received rent.
In cases where a property has both residential and commercial tenants and the gross annual rental income is either Kshs. 288,000 or less than Kshs. 15 million, all rental income is consolidated in the annual Income Tax return.
This comes after KRA deployed over 1,400 field officers with paramilitary training to help increase tax compliance and tax base.
The authority said the officers will be helping taxpayers identify any gaps in tax compliance, initiate tax base expansion and collect tax where due.
The officers visited shops and businesses for the first time in September 2023, collecting tax information from the traders.
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