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Regulator backs value added tax exclusion for Reit

Markets Authority CEO Paul Muthaura addresses the media at a past workshop on Real Estate Investment Trusts in Nairobi. FILE PHOTO | DIANA NGILA | NMG

By  CONSTANT MUNDA

Correspondent

The Capital Markets Authority (CMA) has backed the exemption of Real Estate Investment Trusts (Reits) from value added tax (VAT) to boost investor appetite.

VAT accrues to both rent and professional services.

PAYE Tax Calculator

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

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