The Kenya Revenue Authority (KRA) has taken a major step in simplifying tax compliance for property owners with the launch of a new digital system. This move is expected to help landlords in Kenya easily declare and pay rental income tax — a significant shift aimed at boosting national revenue and enhancing transparency in the real estate sector.
Table of Contents
- What is the New KRA Landlord Tax System?
- Why This Matters to Landlords
- How to Use the System
- What Landlords Need to Prepare
- Finsco Africa’s Viewpoint
- Benefits of Compliance
- Final Thoughts
What is the New KRA Landlord Tax System?
The newly launched platform is integrated into the iTax System and is designed to help landlords declare and pay taxes from rental income with greater ease. KRA has also introduced features that automatically match rental income with bank and mobile money transfers, enabling a more efficient tracking and compliance mechanism.
Why This Matters to Landlords
This move comes at a time when rental income tax compliance in Kenya remains low, despite the rapid urbanization and growth of residential and commercial rental spaces. By digitizing the process, landlords will have less paperwork and will avoid common tax filing errors.
At Finsco Africa, we understand that tax compliance can be overwhelming. That’s why we advocate for greater awareness and digital tools to empower property owners.
How to Use the System
Using the new platform is simple:
- Log into your iTax account.
- Navigate to the ‘Rental Income Tax’ section.
- Input your rental income details.
- The system calculates your payable tax.
- Make payment via mobile money, bank transfer, or online card.
For landlords who own homes in developments like FinPark Ruai or Legacy Ridges, this system offers a streamlined way to manage obligations, especially when renting out to tenants.
What Landlords Need to Prepare
- KRA PIN number.
- Accurate monthly rental income.
- Bank/M-Pesa transaction records.
- Lease agreements (if applicable).
For Finsco Africa clients with rental investments at Thika Grove Chania, ensuring your documents are up to date will make the tax filing process more seamless.
Finsco Africa’s Viewpoint
At Finsco Africa, we view this digital transformation as a welcome change. As a trusted real estate company in Kenya, we consistently guide our clients — both local and diaspora — through property management and compliance processes.
Our projects not only provide title-deed assured land but also prepare investors for long-term ownership and taxation obligations.
Benefits of Compliance
- Avoid hefty fines and penalties.
- Build a credible financial profile for future loans or mortgages.
- Enhance peace of mind and confidence in your property investments.
Final Thoughts
With the new KRA system, tax compliance for landlords in Kenya just got easier. As digital tools evolve, property owners must also adapt and remain compliant.
At Finsco Africa, we don’t just sell land — we walk with you every step of your real estate journey.
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