Pato
7.3K posts


@georgediano Try as much as you can not to touch the anointed. You might actually find these posts deleting themselves.
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@moneyacademyKE This country is just a comedy. Why now and why 21 yrs
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KRA is not playing with Naivas.
You know Naivas. Hii tu moja.
It was a fully family owned supermarket giant.
When the time came to cash out, the owners weighed their options.
If they sold the supermarket from Kenya, they would pay insane taxes.
So they went shopping for low tax countries. And Mauritius presented itself. It was irresistible.
- 0% tax on sale of the company.
In 2015, the family registered a shell company in Mauritius. Called it NIL.
Then transferred all their shares to this company.
So Naivas was now 100% owned by a Mauritian company.
To make it even tighter, they added another layer.
They set up a second shell company. Called it GFI.
And transferred all NIL shares to GFI.
So now:
• GFI owns NIL
• NIL owns Naivas Kenya
Proper entanglement. Achana na hiyo yako.
As all this is happening, they are unaware of one dangerous sentence sitting quietly in Kenyan tax law.
It reads:
• Any company managed and controlled from Kenya is a Kenyan resident company.
Then the family went looking for a buyer.
In 2020:
• They sold 30% of the supermarket for 5.2B
• By selling 30% of NIL shares
So:
- Naivas is still owned by NIL
- But NIL now has a new shareholder
And everything happened in Mauritius quietly.
Nothing has changed hands in Kenya trigger anything.
• Deal is closed. 0 tax.
Bahati mbaya, KRA caught wind that Naivas is gone.
Immediately, KRA embarked on a fault finding mission.
In 2022, KRA discovered that:
- The family has always lived in Kenya. Not Mauritius.
- They managed and controlled every single operation of the shell companies from Kenya
They invoked the one dangerous sentence.
You remember it?
• Any company managed and controlled from Kenya, is a Kenyan resident company.
KRA said:
• These Mauritius shell companies are Kenyan
• They must pay tax in Kenya
Tax demanded: 30% of 5.2B. Plus penalties
• Total Bill: 1.8B
Naivas ran to court.
The court looked at it, and sided with KRA.
Family wakaabiwa walipe tax.
Case closed!
Lesson.
• Structure your offshore company properly.
• Or KRA will structure it for you.

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@Safaricom_Care naeza pata number complete to a number I have been sending money to. Sorry I misplaced my phone
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@Wavinya_Ndeti Sasa deni ni kitu ya kuja kutupea lecture online kama si ni watoto wako
Filipino

@moneyacademyKE The CS is known to be very incompetent, ni kuskumwa Tu ndio anawezana
Filipino
Pato retweeted

Today we celebrate the strength, faith, and love of women everywhere—remember, even small acts of care and courage create ripples that change the world. 🌸✨ #InternationalWomensDay
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