Property taxes contracted by Sh213 million in the first quarter of the current financial year, Treasury data shows, signalling depressed deals at the time most businesses and families were recovering from Covid-19 knocks.
The Kenya Revenue Authority (KRA) received a Sh3.53 billion cut from property transactions in the July-September period, a 5.68 percent drop compared with the Sh3.75 billion collected in the corresponding period last year.
