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New rental income tax is killing our investments, developers tell KRA

Kenya Private Developers Association (KPDA) chairman Mucai Kunyiha. (Photo: Courtesy)

Property developers have termed withholding tax on rental income that became effective on January 1 an affront to the sector.

Under the aegis of the Kenya Private Developers Association (KPDA), they said the new tax regime is a blatant negation of previous Government attempts to offer incentives to players in the real estate sector.

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