The BBI: A scumbag document for scumbags by scumbags through scumbags

Ngimanene na Muchere

Ngimanene na Muchere

Elder Lister
Tokenism for the yout man kubebwa ufala.
They have said in the BBI that there will be a 7 year tax break for yout led SME`s if BBI sails through. The same president who stood on the podium to declare a reduction in VAT to 14%, of which I hear is headed back to 16% in December, who declared 0% income tax to earners of less than Kshs 25,000 cannot issue a similar executive order for the 7 year tax break but it has to be pegged to a document which is really a poisoned chalice in it`s essence, Note, the same gavament is introducing a 1% tax on gross turnover regardless if you make a profit or not, and the same gavament is introducing a digital tax for online small businesses that sell on online platforms such as IG, which we know are youth led businesses. Do you really think this will sail through? What hogwash is this? And I can bet you, Konyagi will never address why this can`t be done via parliament or executive order as he has previously done.

Does it mean that up to 800M KRA will let you go tax free?

A proposal of 35% to go to counties........for a cash strapped gavament? Let`s not even waste time on this, it`s not feasible with the current situation and debt demands.
 
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At last the rebel without a cause, has finally found a new cause after the failure of the bravery and trump cause.
 
Raising Revenue: KRA to Add Service Tax on Purchases
  • By John Mbati on 10 November 2020 - 9:13 am

    Customers queueing at a supermarket in Kenya

    Customers queueing at a supermarket in Kenya
    File


The Kenya Revenue Authority (KRA) was given the green light to add a service tax on purchases made by debit cards as it enhances measures on revenue collection.
On Monday, November 9, the Appeal Court ruled that the authority has the right to tax payments made by banks to card companies.

The ruling was made in a case whereby KRA appealed a ruling made in favour of a local bank that had been protected from remitting royalties amounting from interchange fees.

www.kenyans.co.ke

KRA Set to Tax Purchases Made by Card

The judges ruled that the Kenya Revenue Authority has the right to tax interchange fees. This will see a service tax added on purchases.
www.kenyans.co.ke www.kenyans.co.ke
 
Ngimanene na Muchere said:
A proposal of 35% to go to counties........for a cash strapped gavament? Let`s not even waste time on this, it`s not feasible with the current situation and debt demands.
Click to expand...
I wondered as well. These idiots dont what they are doing. Already, the cash to counties is from locally collected revenues. Ni muhimu kujua more than 60% of that revenue already goes to salaries/recurrent expenditure. Then 15 % to counties and the rest to debt repayments.Sometimes last yr, that conman called uhuru told governors to their faces yeye hana pesa. Izo 35% ztatoka wapi?

 
Mishale said:
Raising Revenue: KRA to Add Service Tax on Purchases
  • By John Mbati on 10 November 2020 - 9:13 am

    Customers queueing at a supermarket in Kenya

    Customers queueing at a supermarket in Kenya
    File


The Kenya Revenue Authority (KRA) was given the green light to add a service tax on purchases made by debit cards as it enhances measures on revenue collection.
On Monday, November 9, the Appeal Court ruled that the authority has the right to tax payments made by banks to card companies.

The ruling was made in a case whereby KRA appealed a ruling made in favour of a local bank that had been protected from remitting royalties amounting from interchange fees.

www.kenyans.co.ke

KRA Set to Tax Purchases Made by Card

The judges ruled that the Kenya Revenue Authority has the right to tax interchange fees. This will see a service tax added on purchases.
www.kenyans.co.ke www.kenyans.co.ke
Click to expand...

hawa ndio tunaambiwo they will let you go tax free for 7 years kwa BBI
 
Othello said:
I wondered as well. These idiots dont what they are doing. Already, the cash to counties is from locally collected revenues. Ni muhimu kujua more than 60% of that revenue already goes to salaries. Then 15 % to counties and the rest to debt repayments. Izo 35% ztatoka wapi?
View attachment 25390
Click to expand...
And no one is asking the nitty gritty questions, just glossing over that `that is a good recommendation without asking the how it will be done` The devil is in the details.
 
Mishale said:
Raising Revenue: KRA to Add Service Tax on Purchases
  • By John Mbati on 10 November 2020 - 9:13 am

    Customers queueing at a supermarket in Kenya

    Customers queueing at a supermarket in Kenya
    File


The Kenya Revenue Authority (KRA) was given the green light to add a service tax on purchases made by debit cards as it enhances measures on revenue collection.
On Monday, November 9, the Appeal Court ruled that the authority has the right to tax payments made by banks to card companies.

The ruling was made in a case whereby KRA appealed a ruling made in favour of a local bank that had been protected from remitting royalties amounting from interchange fees.

www.kenyans.co.ke

KRA Set to Tax Purchases Made by Card

The judges ruled that the Kenya Revenue Authority has the right to tax interchange fees. This will see a service tax added on purchases.
www.kenyans.co.ke www.kenyans.co.ke
Click to expand...
And this one......na ni muhimu kujua who are the exporters getting refunds
 
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