logo
ADVERTISEMENT

KRA targets Sh100 billion from landlords with new tax system

The Electronic Rental Income Tax System is more efficient, said taxman

image
by VICTOR AMADALA

Business11 April 2025 - 11:30
ADVERTISEMENT

National Treasury PS Chris Kiptoo during the launch of the Electronic Rental Income Tax Solution (eRITS) by Kenya Revenue Authority in Nairobi on April 10 /HANDOUT

THE government is looking to collect Sh100 billion from landlords and property owners after unveiling a simpler digital tool to help them remit taxes in real-time.

Unlike the previous tax payment system considered complex and costly, the Electronic Rental Income Tax System (eRITS), unveiled in Nairobi on Thursday is seamless and augments voluntary compliance within the sector while reducing administrative burdens associated with taxation.

This is premium content

Subscribe to Continue Reading

Subscription

Help us continue bringing you unbiased news, in-depth investigations, and diverse perspectives. Your subscription keeps our mission alive and empowers us to provide high-quality, trustworthy journalism. Join us today to make a difference!

Already Subscribed? Sign in
ADVERTISEMENT