The KPDA Bulletin - January to July 2020 Issue

J A N U A R Y T O J U L Y 2 0 2 0
Key Wins for 2019
KPDA registered with the Joint Building and Construction
Council (JBCC) and therefore will be a member of its Board once
elections are held.
Affordable Housing Tax Incentives: Resulting from persistent
lobbying, the 2019/2020 Finance Act passed the following
incentives;
- VAT Exemption on goods imported or purchased locally for
use in affordable housing construction.
- Import Declaration Fee & Railway Development Levy
allowing for the fee at a rate of 1.5% shall be charged on the
custom value of input for the construction of houses under an
affordable housing scheme.
- Railway Development Levy allowing for the fee at a rate of
1.5% shall be charged on the custom value of input for the
construction of houses under an affordable housing scheme
The AHP Tax Incentive
Implementation Task Force was
constituted to develop the
implementation process and
respective regulations to
operationalize the passed
incentives and KPDA is
represented.
Public Appointments:
- Nomination of a KPDA Liaison to
the Proposed Money Laundering
and Terrorist Financing National
Risk Assessment Exercise under
the National Treasury (April
2019)
- Nomination to the Special
Subcommittee to Review the
National Construction Research
Agenda (NACRA) under the
National Construction Authority
(March 2019)
One of our key
advocacy
achievements for
2019 was the
inclusion of
affordable housing
incentives in the
Finance Act
2019/2020