Kenya’s Proposed Finance Bill 2025 Impact on The Real Estate Industry
1. Reintroduction of 16% VAT on Construction Materials What’s changing? The Finance Bill 2025 proposes to apply 16% VAT on construction materials that were previously VAT-exempt, especially those used in affordable housing projects. Examples of affected items: Cement Steel Roofing materials Interior fittings and finishes What it means: Developers who were previously saving on VAT…