Ruto goes after landowners as he seeks to increase landrates
Ruto goes after landowners as he seeks to increase landrates within Nairobi metropolitan in a bid to increase tax revenue.
President William Ruto wants land rates increased in Nairobi to expand the revenue revenue to fund government projects.
A member of parliament (MP) who spoke on condition of anonymity revealed that President Ruto was concerned that thousands of rich Kenyans in the city were not paying land rates.
“I own a home in Karen, and for all those years, I have never paid any rates for it. It’s time we review that and help the country make life better for its citizens by paying the rates,” the president told Kenya Kwanza MPs at State House, Nairobi, on Thursday, October 27.
This comes after The government of President William Ruto has rolled out plans to register landlords within Nairobi County in a move to raise more money to finance the 2023/24 budget.
The Ruto administration has emphasized the real estate sector as one of the financial opportunities worth pursuing in its efforts to broaden the nation’s tax base.
The registration exercise commenced on Wednesday, October 18.
Landlords from other parts of the Nairobi metropolitan region, like Syokimau in Machakos, were also take part in the project.
Landlords who were targeted for the exercise were also advised to work with government representatives by making all necessary documentation available.
At the same time, Ruto asked MPs to push for contributions to the National Social Security Fund (NSSF) to 6% of an individual’s income from the current KSh 200.
Kenyans are already grappling with high taxes worsened by high fuel and food prices and still recovering from the devastating effects of the COVID-19 pandemic.
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