Cris'

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Cris'

@Crispaus

Communications | Fine art | Photography

East Africa Katılım Ağustos 2017
726 Takip Edilen1.2K Takipçiler
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Julians Amboko
Julians Amboko@AmbokoJH·
Significant shifts proposed in Finance Bill 2026. We all need to pay very close attention to clause 29 of Finance Bill 2026. · It proposes to amend Sec42(1) of the VAT Act by deleting the words "registered person" & substituting with the word "person". Why does this matter? · Presently, issuance of an invoice that accounts for VAT is restricted to registered persons per Sec34(1) of the VAT Act (i.e. annual turnover > Kes 5.0 Million) · If the word "registered" is being deleted & we remain with "persons" only, the import here is that issuance of invoices accounting for VAT will cease being anchored on the fact that one's annual threshold ought to be in excess of Kes 5.0 Million & will be opened to all Questions: · The drafting of this proposal is not clear to me, will those who don't factor in VAT still be required to account for it? · If this amendment sails through, will there be any point in having it co-exist with Sec34(1) of the VAT Act prescribing the Kes 5.0 Million turnover threshold for VAT registration? · Won't this proposal complicate compliance unnecessarily for small taxpayers? See quoted tweet for a story I did at the end of March along these lines.
Julians Amboko tweet media
Julians Amboko@AmbokoJH

A proposal has been tabled to amend Sec34 (1,a) of the VAT Act & do away with the Kes 5.0 Million annual turnover for VAT registration. The Kenya Revenue Authority argues that doing away with the threshold & making VAT registration apply to all (businesses & non-PAYE income earning individuals) will address the estimated 38.0% VAT collections gap & lift collections from Kes 653.0 billion to > Kes 1.03 trillion. If the proposal is adopted, it will be a radical departure from the Medium-term Revenue Strategy 2024/25 – 2026/27 which proposed to increase the VAT registration threshold in a bid to make tax compliance a lot easier. Full story via link - businessdailyafrica.com/bd/economy/kra…

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Five Times August
Five Times August@FiveTimesAugust·
The Epstein case is so bad the government gave you a war, a new virus, and aliens to keep you distracted from it. Sit with that as long as you need.
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杜晓晖DU Xiaohui
杜晓晖DU Xiaohui@DGAfrica_MFA·
24 tons of apples from South Africa 🇿🇦and 6.9 tons of Kenyan 🇰🇪 fresh avocados were among the first arrivals of African agricultural products under the #ZeroTariffPolicy. Welcome!
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Ministry of Health
Ministry of Health@MOH_Kenya·
PRESS RELEASE – Hantavirus Outbreak on Cruise Ship: Public Health Advisory
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Cris'
Cris'@Crispaus·
Finance Bill 2026 is out, but because the state doesn't want you to read and decipher its content, they have activated their local agents to distract you with their "petty infighting" antics. Smh!
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Nick_tradesKe
Nick_tradesKe@Nick_tradesKe1·
I hit a pothole on my way home between Karen End and The hub Mall Karen and lost two tires that I just bought in February 🥲 Car Twitter recommend some better tires coz blackhawk imeniangusha sasa Buana @JalangoMwenyewe potholes zitatuua ata kabla elections zifike tukutoe
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Faith Odhiambo
Faith Odhiambo@FaithOdhiambo8·
The Finance Bill, 2026 was published on 30th April and is now before Parliament and every Kenyan deserves to know what is in it. The government targets Ksh3.63 trillion in revenue for 2026/27 and a wider budget deficit of 5.3% of GDP in the 2026/27 fiscal year (July-June) up from 4.7% in 2025/26. These are not unreasonable fiscal objectives but the manner in which the burden of achieving them is distributed is a cause for serious concern. On tax filing timelines, the Bill moves the income tax return deadline to April 30th which is two months earlier than the current June 30th and compresses nil return filing to January 31st. This reduces the time available for audit completion, cash flow planning and compliance. For small businesses and individual traders, this is not administrative reform. It is an additional compliance cost they can ill afford. On mitumba, the Bill inserts a new Section 12H into the Income Tax Act which deems profit at 5% of customs value payable upfront before goods are released by KRA as a final tax. A trader importing a bale worth Ksh1 million pays Ksh50,000 regardless of whether they make a profit or a loss. I cannot in good conscience describe this as equitable.  The Bill increases residential rental income tax from 7.5% to 10%. Absent a serious enforcement framework, this will drive non-compliance rather than revenue. The government must fix the enforcement gap before it increases the rate. One without the other is burden-shifting. On digital financial services, the Bill removes existing VAT exemptions on money transfers and payment processing. These are the tools of financial inclusion that millions of Kenyans including the very people this government says it wants to reach rely on daily. Making them more expensive will not serve the objective of a broader tax base.  By including interchange and merchant service fees within the definition of management or professional fees for withholding tax purposes, the Bill introduces a compliance burden into automated banking processes. That burden will be passed on to businesses and ultimately to consumers. The amendment to Section 24 of the Income Tax Act empowers KRA to deem at least 60% of a company's undistributed income as dividends for tax purposes. This fails to account for legitimate decisions on reinvestment, working capital and business growth. It is a retrogressive measure that sends the wrong signal to the investors Kenya needs. A 25% excise duty on telephones for cellular and wireless networks is proposed. A phone is not a luxury. It is how Kenyans bank, communicate, conduct business and access government services. Parliament must interrogate this carefully. On PAYE, Kenyans were led to expect relief and a restructuring of the tax bands to ease the burden on salaried workers. That proposal does not appear in this Bill. That is not a minor omission. An explanation is owed to every employed Kenyan who was waiting for it. To be fair, the Bill is not without merit. The reduction of corporate tax for non-resident companies from 37.5% to 30% improves our investment climate. The extension of the tax amnesty to cover liabilities up to 31st December 2025 provides a genuine and welcome pathway to compliance. VAT exemptions on electric buses, bicycles, dialysers, animal feed raw materials and PPP infrastructure are sensible measures. The clarity introduced on trust taxation ensuring beneficiaries are not taxed on income already taxed at the trust level and the recognition of gratuity contributions as exempt income are also steps in the right direction. Be that as it may, we cannot afford a repeat of June 2024. Parliament must discharge its oversight role with the seriousness this moment demands. They should not merely rubber-stamp what the Treasury has placed before it. Every clause must be scrutinised. Every punitive or ambiguous provision must be rejected or amended. #FinanceBill2026 #PublicParticipation
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Cris'
Cris'@Crispaus·
Such are the nonsense the @EngineersBoard should lobby against but that cacoon of an outfit is satisfied as @KeNHAKenya spews these Chinese engineering design havoc unabated upon us.
Paul _ 🇰🇪🇲🇼@kpol22

Three lanes ....merges into two...then 3 lanes @xysist @KillaLando @patkanzika how did we allow such wild stuff along the uhuru highway opposite KBC? Very unsafe and it's a good recipe for accidents and unnecessary traffic jams! Road safety matters! Road users lives matters

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Kipkalya Kones
Kipkalya Kones@MrKipkalya·
The Nation headline story today will make you sad. Affordable Housing contractors are pocketing Kshs 86 billion in profit, with insane profit margins of 30%, the only sector with such high profit margins, and also the only sector growing rapidly in a struggling economy. And it's because they don't struggle with capital. Every month, all working Kenyans unwilling add Ruto billions to do as he wishes, via Housing Levy. It's the biggest con since independence.
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Gideon Bosco Chebelyon
Gideon Bosco Chebelyon@bosco_gideon·
Kericho MCA's allocated themselves squatters' land,The Governor held a Presser asking for the titles to be revoked and they now want to Impeach him for the 3rd time. I have never seen greedy MCAs like the ones we have in Kericho.
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Saddique Shaban
Saddique Shaban@SaddiqueShaban·
Look! Ousted CEO of CHAN 2024 Kenya committee is Myke Rabar, who is also the founder and CEO of Homeboyz Entertainment, has now been moved to oversee the Nairobi liquor licensing board. Does anyone see anything wrong with this? Did anyone see anything wrong with Homeboyz Entertainment winning audiovisual services, Public address ticketing, crowd control tenders to CHAN LOC when he served as the CEO, or should we await the impending revelations from the fallout at LOC for CHAN/AFCON 2027?
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NTV Kenya@ntvkenya

Nairobi yateua bodi ya kudhibiti vileo. #NTVAdhuhuri @MwakaFridah

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