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{
    "id": 556223,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/556223/?format=api",
    "text_counter": 271,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "Over the recent past, residential and rental business has witnessed substantial growth. On the contrary, rental income from the same has not grown commensurately. I propose to simplify the taxation regime for landlords owning residential property by taxing their gross rental income at 12 per cent for gross rental income for those below Ksh10 million per year. In addition, I propose to introduce a tax amnesty for landlords who have not fully declared rent or are outside the tax net. In this respect, the landlords with tax arrears are advised to prepare to engage the Kenya Revenue Authority (KRA) to clean their tax records."
}