Here is a quick breakdown.
You’ll be paying:1K Registration26K per house/unit owned annuallyNEMA licenseSingle business permitHome insurance1% DST2% catering levy16% VAT & 30% corporate tax because you must be a LTD #SokoNews pic.twitter.com/JzFuzAF0Rh — SokoAnalyst (@SokoAnalyst) April 2, 2021 As a result, it’s not surprising that Airbnb is currently trending on Twitter, and with a number of Kenyans complaining about the new tax implications. In 2017 alone, Airbnb hosts were able to accumulate up to 390 million in 2017. In 2018 the amount rose to 510 million in the span of 9 months. For some, this is a primary source of income while others may depend on the platform to pay their rent.
1K Registration26K per house/unit owned annuallyNEMA licenseSingle business permitHome insurance1% DST2% catering levy16% VAT And 30% Corporate Tax. Earth is hard. Correction, Kenya is hard! — Sam Nato 🍥 (@SamNato) April 2, 2021 https://twitter.com/SafinaSacho/status/1377924565372919808
Punda Imechoka!!!! — Cantona (@cantona_amaj) April 2, 2021
Source: @SokoAnalyst — Nahashon Kimemia (@NahashonKimemia) April 2, 2021
