Finance Bill 2026 Introduces New Monthly Tax for Certain Landlords
For years, income generated by landlords has been hard to track, with the new framework now expected to enhance compliance within the real estate sector...
✨ Key Highlights
The Finance Bill 2026 proposes a new Non-Resident Rental Income Tax targeting foreign landlords earning rent from properties in Kenya.
- This measure aims to broaden the tax base and improve compliance within the real estate sector.
- The Kenya Revenue Authority (KRA) will administer and collect this tax.
- The tax will be treated as a final tax, with a simplified registration system for non-resident landlords, who must remit by the 20th of the month following rent receipt, though exemptions exist if a resident already withholds tax.
Continue Reading
Read the complete article from Kenyans
Part of the Day's Coverage
Finance Bill 2026 Targets Foreign Landlords with New Rental Tax - May 2026
The Finance Bill 2026 proposes a new Non-Resident Rental Income Tax targeting foreign landlords earning rent from properties in Kenya. Separately, the same bill aims to move tax filing deadlines earlier for individuals and companies, with the new deadline taking effect starting January 1, 2027 if approved by Parliament. At the same time, the National Treasury is proposing a 50 percent reduction in the fuel levy allocated to the Road Annuity Fund, a move expected to save motorists an estimated Ksh75-80 per tank ahead of an EPRA review.
