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Originally published by Capital Business
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business
June 1, 2026
2h ago

Why the Finance Bill 2026 Proposal on Non-Resident Landlords Is a Step Towards Tax Equity

Why the Finance Bill 2026 Proposal on Non-Resident Landlords Is a Step Towards Tax Equity

By Davis Kirui JUNE 1 - The real estate sector remains one of Kenya’s most vibrant and important economic pillars. According to the Kenya National Bureau Kenya breaking news | Kenya news today |..

✨ Key Highlights

The Finance Bill 2026 proposes reforms to the taxation of non-resident landlords, aiming to improve tax equity within Kenya's significant real estate sector.

  • The real estate sector, despite contributing 33.7 percent growth, only realizes about 14 percent of its potential tax revenue.
  • The Kenya Revenue Authority (KRA) is introducing changes from a withholding tax system to a direct compliance model for non-resident landlords.
  • This reform seeks to create a level playing field by ensuring non-resident landlords have the same tax registration, filing, and remittance responsibilities as resident landlords.

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