Reit subsidiaries await income tax exemption from KRA

Times Tower in Nairobi, the headquarters of Kenya Revenue Authority (KRA). Picture taken on Thursday, October 15, 2020. PHOTO | DENNIS ONSONGO | NMG

Kenya Revenue Authority has not published regulations that will formally exempt subsidiaries of real estate investment trusts (Reits) from income tax.

The move to exempt the operating units of the Reits started three years ago but the taxman is yet to publish the regulations that will make it a reality.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.