{"id":13261,"date":"2024-03-15T11:03:11","date_gmt":"2024-03-15T11:03:11","guid":{"rendered":"https:\/\/chezaspin.com\/blog\/index.php\/2024\/03\/15\/treasury-cs-njuguna-ndungu-calls-for-property-tax-reform\/"},"modified":"2024-03-15T11:03:11","modified_gmt":"2024-03-15T11:03:11","slug":"treasury-cs-njuguna-ndungu-calls-for-property-tax-reform","status":"publish","type":"post","link":"https:\/\/chezaspin.com\/blog\/treasury-cs-njuguna-ndungu-calls-for-property-tax-reform\/","title":{"rendered":"Treasury CS Njuguna Ndung\u2019u Calls For Property Tax Reform"},"content":{"rendered":"<p><strong>NAIROBI, Kenya, Mar 15 \u2013 National Treasury Cabinet Secretary (CS) Njuguna Ndung\u2019u has said that the country\u2019s property taxes have remained unchanged since the 1970s, necessitating re-evaluation.<\/strong><\/p>\n<p>Speaking during the 12th African Fiscal Forum, Ndung\u2019u suggested that by properly re-evaluating property taxes, such measures have the potential to increase taxes five times.<\/p>\n<p>\u201cWe have reached the end of the road with the tax regime as presently structured and there\u2019s a need for redesigning it,\u201d he said.<\/p>\n<p>There is a proposal to map out properties and harmonize rental income tax with corporate income tax, as outlined in MTRS 24\/25-26\/27.<\/p>\n<p>\u201cMTRS 24\/25 \u2013 26\/27 speaks of mapping out property &amp; harmonising rental income tax with corporate income tax,\u201d he noted.\u00a0\u00a0<\/p>\n<p>The current tax regime has been described as reaching its limits, prompting the need for redesigning.<\/p>\n<p>It is suggested that starting with the proposals outlined in MTRS 24\/25 \u2013 26\/27 could be a viable starting point for the restructuring process.<\/p>","protected":false},"excerpt":{"rendered":"<p>NAIROBI, Kenya, Mar 15 \u2013 National Treasury Cabinet Secretary (CS) Njuguna Ndung\u2019u has said that the country\u2019s property taxes have remained unchanged since the 1970s, necessitating re-evaluation. Speaking during the 12th African Fiscal Forum, Ndung\u2019u suggested that by properly re-evaluating property taxes, such measures have the potential to increase taxes five times. \u201cWe have reached [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-13261","post","type-post","status-publish","format-standard","hentry","category-uncategorized","entry"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/posts\/13261","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/comments?post=13261"}],"version-history":[{"count":0,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/posts\/13261\/revisions"}],"wp:attachment":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/media?parent=13261"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/categories?post=13261"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/tags?post=13261"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}