Housing taxation

Pruaitch clears misunderstanding on housing tax

“The 2017 National Budget only extended taxes that have been implemented since 2011 to include two new categories that encompass very high housing rentals.

“Corporate executives with employer provided accommodation where weekly rentals range from K3,001 to K5,000 and those in properties rented for K5,001 or more will pay higher taxes depending on their marginal rates of tax,” Pruaitch said yesterday.

The Treasury Minister said there be no new changes for other workers who have employer provided accommodation.