Search
Close this search box.

Insight

Finance Bill 2024

On 4th June 2024, Tarra Agility Africa partners Marjorie Kivuva, CPA Beatrice Njeri and Kenya Property Developers Association had the honour of presenting our oral submissions to the National Assembly’s Committee on Finance and National Planning on the Finance Bill,
2024.

We highlighted some key concerns in real estate industry advocating for the reconsideration of;
~ The proposal to remove the 15% corporate tax rebate available for residential housing real estate developers and
~ The proposal to remove the restriction on the re -sale of affordable housing units under the Affordable Housing Act, 2024.

We trust the Finance Committee will carefully consider our submissions to incentivise private sector players in the real estate industry who have been instrumental in bridging the gap in the housing sector in Kenya which stands at about 200,000 units annually.

Authors

Related Insights

On 4th June 2024, Tarra Agility Africa partners Marjorie Kivuva, CPA Beatrice Njeri and Kenya Property Developers Association had the honour of presenting our oral
Tarra Agility Africa was privileged to participate in the annual KATA AGM and Travel Convention at the Sarova Whitesands Beach Resort & Spa in Mombasa.
The introduction of eTIMS changes almost every aspect of corporate tax compliance in Kenya - in some ways, the old order is gone and a