Taxman puts 20,000 landlords on notice to raise Sh3 billion

Kenya Revenue Authority Commissioner General John Njiraini listens to iTax Support Officer Sylvia Omolo (left) during a tour of the iTax System Support Centre at Nairobi Railways Club last year. The taxman looks forward to netting more landlords. [PHOTO: JONAH ONYANGO/standard]

The Kenya Revenue Authority (KRA) plans to raise Sh3 billion by bringing on board 20,000 individual landlords in the 2015-16 financial year. Commissioner General John Njiraini said they have obtained data on all property owners and developments undertaken in all major towns in the country.

“Having realised data on landlords in all the major towns where the property market is doing well, it is our hope that we will be able to increase the tax on rental income by another Sh3 billion in the 2015-16 financial year,” Mr Njiraini stated. So far, KRA has netted 20,000 individual landlords into the tax bracket and targets to net another 20,000 during the 2015-16 financial year,” he added.