Business Daily·3 min read·medium
KRA blocked from taxing property service charges
C
Collins Omulo
✦AI Summary
The Tax Appeals Tribunal in Kenya has ruled that service charges collected by property management firms are not subject to income tax or VAT. The decision follows a four-year dispute involving Nextgen Mall, which argued that these funds are merely held in trust for unit owners to cover maintenance costs.
The Kenya Revenue Authority (KRA) has been blocked from demanding taxes on service charge collections by building and estate managers following a four-year dispute with Nextgen Mall Management Company.
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