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Taxation of rental income on residential building

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kazee		#11 Posted : Monday, December 15, 2014 9:56:15 AM
Rank: Member Joined: 9/18/2006 Posts: 131		Tenants to pay KRA directly
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XSK		#12 Posted : Monday, December 15, 2014 11:14:39 AM
Rank: Veteran Joined: 12/8/2009 Posts: 975 Location: Nairobi		kazee wrote: Tenants to pay KRA directly Holy Mary mother of Jesus! You will know that you have arrived when money and time are not mutually exclusive "events" in you life!
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butterflyke		#13 Posted : Monday, December 15, 2014 11:28:09 AM
Rank: Elder Joined: 5/1/2010 Posts: 3,024 Location: Hapa		Kwisha! The fishing net has been cast wide. Itashika mpaka omena. So the rate will be flat at 3%? Float like a butterfly, sting like a bee. - Muhammad Ali🐝
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mlennyma		#14 Posted : Monday, December 15, 2014 11:44:44 AM
Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi		This will only hurt the tenants more by paying a vat like fee on your rent which the land lord will not agree to deduct, actually my thinking its a double taxation for tenant and landlord,it will also bring disputes and personal chaos between landlords and tenants. "Don't let the fear of losing be greater than the excitement of winning."
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butterflyke		#15 Posted : Monday, December 15, 2014 12:25:27 PM
Rank: Elder Joined: 5/1/2010 Posts: 3,024 Location: Hapa		mlennyma wrote: This will only hurt the tenants more by paying a vat like fee on your rent which the land lord will not agree to deduct, actually my thinking its a double taxation for tenant and landlord,it will also bring disputes and personal chaos between landlords and tenants. Good point Float like a butterfly, sting like a bee. - Muhammad Ali🐝
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obiero		#16 Posted : Tuesday, December 16, 2014 7:01:33 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,318 Location: nairobi		XSK wrote: kazee wrote: Tenants to pay KRA directly Holy Mary mother of Jesus! Haha. XSK must not have been paying tax COOP, IMH, KEGN, KQ, MTNU
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whiteowl		#17 Posted : Tuesday, December 16, 2014 7:21:40 PM
Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove		kazee wrote: Tenants to pay KRA directly This is a load of crap and sheer laziness for KRA. Imagine if these shenanigans of double payments are extended to other taxable payments, I really wonder just how many deposits I'd be making in this "simplified" tax collection.
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mwania		#18 Posted : Wednesday, December 17, 2014 1:40:23 PM
Rank: Member Joined: 10/29/2007 Posts: 76		I think it is a good idea to do that.. i like the idea of a flat late.. i just hope they will make it a maximum of 10% of the total gross rent collections. We must pay taxes and the only thing they need to consider is the fact that they do not allow deduction of costs incurred while putting up the buildings so the tax should be much lower than the normal 30% income tax rate.. I would not mind paying 10% of the gross collections.
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Othelo		#19 Posted : Wednesday, December 17, 2014 1:45:54 PM
Rank: User Joined: 1/20/2014 Posts: 3,528		mwania wrote: I think it is a good idea to do that.. i like the idea of a flat late.. i just hope they will make it a maximum of 10% of the total gross rent collections. We must pay taxes and the only thing they need to consider is the fact that they do not allow deduction of costs incurred while putting up the buildings so the tax should be much lower than the normal 30% income tax rate.. I would not mind paying 10% of the gross collections. Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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XSK		#20 Posted : Wednesday, December 17, 2014 8:32:59 PM
Rank: Veteran Joined: 12/8/2009 Posts: 975 Location: Nairobi		obiero wrote: XSK wrote: kazee wrote: Tenants to pay KRA directly Holy Mary mother of Jesus! Haha. XSK must not have been paying tax Mmmh You will know that you have arrived when money and time are not mutually exclusive "events" in you life!
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