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KRA targets developers’ income from sale of homes

KRA Commissioner General Mr John Njiraini. Kenya Revenue Authority (KRA) commissioner-general John Njiraini on Thursday said a liability tax will henceforth be charged on individual directors of real estate firms to ensure their compliance with the law. PHOTO/ FILE | NATION

Property developers will join landlords in parting with a share of their income as KRA tightens the noose on cheats with renewed enforcement of income tax laws affecting real estate.

Also read: MPs clash with Githae over Budget

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