What is Rent Income? Rent income is money or payment received from the privileges granted to another person for the use or occupation of a house. What is Residential Rental Tax Income? it is a tax payable by a resident individual on rental income earned for the use or occupation of a residential property …
Business Expenses: Keeping Track as a Sole Proprietor As an entrepreneur, you do a lot of activities daily; hence, your days are stressful. However, tracking your business spending helps in some ways. This would possibly show you wherever you are wasting cash and where you’ll be getting a lot of bang for your buck. Eliminating …
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The 2019 Finance Act has re-introduced the turnover tax at the speed of 3% of the gross income. This tax was repealed by the Finance Act, 2018, and is applicable to any resident person whose annual turnover is below Kshs.5 million. Turnover tax is currently a monthly obligation collectible on or before the twentieth day …
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