BUSINESS

KRA Launches Digital Platform to Ease Rental Tax Compliance

Share
A section of KRA office. PHOTO/@KRACorporate/X
A section of KRA office. PHOTO/@KRACorporate/X
Share

The Kenya Revenue Authority (KRA) has unveiled a new digital platform known as the Electronic Rental Income Tax System (eRITS) to make it easier for landlords and property owners to pay rental taxes.

In a notice issued on Thursday, KRA announced that the system will simplify the payment of Monthly Rental Income (MRI) taxes.

“On Boarding of Rental Properties on eRITSKenya: The Revenue Authority (KRA) wishes to notify the public that it has rolled out an Electronic Rental Income Tax System (eRITS), which will facilitate easier payment of Monthly Rental Income (MRI).

The system enables management of properties and filing and payment of rental taxes simply and conveniently,” KRA stated.

The taxman urged landlords and property owners to update or correct their property details in the new system to ensure proper reporting.

“We urge all persons owning rental properties and earning rental income to update/correct their property details as appropriate in the new KRA system. KRA is committed to continuing to support and facilitate all taxpayers to comply with the requirements of the existing laws through simplified solutions. For any clarification and feedback on the registration of the properties on eRITS or challenges experienced.”

It can be accessed through https://erits.kra.go.ke or via the eCitizen public portal.

The launch of eRITS comes at a time when the government has already reduced the MRI tax rate from 10 per cent to 7.5 per cent, a change that took effect in January 2024.

KRA Commissioner General Humphrey Wattanga said eRITS is built to improve service delivery by linking with platforms such as eCitizen and Gava Connect.

The system is seen as a major step in modernising tax administration in Kenya’s rental sector, which remains an important driver of the economy.

It is also expected to expand the tax base and curb non-compliance among landlords who underreport or fail to declare rental income.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

PAST ARTICLES AND INSIGHTS

Related Articles
Oil rig at the Ngamia-1 well in the Lokichar basin.
BUSINESS

Govt: Decade-Long Stalled Turkana Oil Project Set to Begin Next Year

Kenya is on the verge of finally unlocking commercial oil production in...

CBK headquarters in Nairobi
FEATURED STORY

CBK Receives Bids Worth KSh53.1Billion at Auction, a 132.8% Oversubscription

CBK(Central Bank of Kenya) received bids worth KSh 53.1 Billion at the...

From left - KCB Bank Kenya Director of Retail Banking, Jane Isiaho and Visa Country Manager and Senior Business Development Leader for Kenya, South Sudan and Somalia, John Njoroge during the launch of Tap-To-Phone solution which will enable business owners to accept card payments directly on their Near-Field Communications (NFC) enabled Android smartphones without the need for a traditional point-of-sale (POS) machine.
BUSINESS

KCB and Visa Partner to Enable Card Payments via Smartphones

KCB Bank Kenya has partnered with Visa to launch a Tap to...

Outside Central Bank of Kenya (CBK) headquarters in Nairobi.
BUSINESS

Treasury, CBK Sound Alarm as Financial Health Collapses Despite Inclusion Boom

The National Treasury and the Central Bank of Kenya (CBK) have released...