Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
Taxman’s shifting goalposts on housing threaten affordability
Higher taxes on construction inputs, coupled with the loss of corporate tax incentives, are likely to squeeze developers’ margins and push up house prices.
Kenya’s affordable housing sector is entering a more expensive era after the Finance Act 2026 withdrew key tax incentives that had underpinned the industry’s economics for years.
Effective July 1, developers have lost both the reduced 15 percent corporate income tax rate and VAT exemptions on construction inputs, forcing many to recalculate project costs midway through the financial year.
