Taxation of Rental Income

Tubonge Tax

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Taxation of rental income under the annual regime

Rent is charged on the actual amount received.
Expenses incurred to generate rent are allowed under section 15 of the Income Tax Act.
Tax is calculated under the annual individual graduated scale or corporate rate of 30%.
Rent on non-residential buildings(Commercial) is a taxable supply under the VAT Act(No.35 of 2013)- Laws of Kenya.

Who qualifies for monthly rental income?

Any resident person (individual or company).
The tax applies to rental income earned for the use or occupation of a residential property.
Landlords earning residential rental income of between Kshs 288,000 p.a and Kshs. 15M p.a.

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