The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
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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