Stephen

2.5K posts

Stephen

Stephen

@KamashStivec

Back end developer | Data Engineer

Katılım Eylül 2018
606 Takip Edilen391 Takipçiler
Stephen retweetledi
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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STF
STF@tekinsaeko·
Kenyans don’t like putting their video cameras on during virtual meetings.😂😂 When meeting whites they must see you when talking to you😅
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Stephen retweetledi
Shakira Wanjira Naliaka Wafula
I used to watch Miguna Miguna on Tv when I was a kid and wonder what would push a man to speak the way he did and I get it now 😂 Being conscious and clocking what’s happening around can literally have you crashing out on a daily.
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Kevin Kiarie Ruhiu
Kevin Kiarie Ruhiu@KelvinuhK·
The Price Suggested The Most Is Ksh. 1500 Pre - Order - 0758514315 MPESA NO: 0758514315 Commit To Buy Though Payment, Thankyou! I Also Want To Confirm That While In Egypt, From The Day I Departed, Kenyans have donated Ksh. 15,000. Thankyou so much For The Support.
Kevin Kiarie Ruhiu tweet mediaKevin Kiarie Ruhiu tweet mediaKevin Kiarie Ruhiu tweet media
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Kevin Kiarie Ruhiu
Kevin Kiarie Ruhiu@KelvinuhK·
African Championship 2026 Cairo, Egypt, African Champion 2026 🤴 Inline Freestyle Skating🥇🥇 Kenya Ranked 3rd 🏆 Overall Out Of 7 Participating Countries.
Kevin Kiarie Ruhiu tweet mediaKevin Kiarie Ruhiu tweet media
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Kevin Kiarie Ruhiu
Kevin Kiarie Ruhiu@KelvinuhK·
African Champion🤴 Double Gold For Kenya🥇🥇 Freestyle Battle Championship 🥇 Classic Slalom Skating 🥇 African Skating Championships 2026🇰🇪
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Kevin Kiarie Ruhiu
Kevin Kiarie Ruhiu@KelvinuhK·
African Champion🤴 It's Gold For Kenya Today🥇
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lorna Joyce
lorna Joyce@j_lornz·
Hey 🤍 I wanted to finally share something personal… after over 4 years of building Binti through all the ups and downs, we’ve hit a big milestone! We are now local manufacturers 🥹 Our first brand is Mrembo Pads, made right here at home 🇰🇪 @Mrembopads
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Eric
Eric@amerix·
QATAR and UAE BLACK TAX, If you work in Qatar, UAE or those Middle East countries, SAVE YOUR MONEY. Don't rely on relatives back home. "Your younger brother is jobless, please, he needs 400K to buy a small car for Über." Don't attempt to withdraw your money. You will cry when you return. Be selfish. Otherwise, you will send them your money, they will misuse the money then when you return broke, they will mock you and gossip. "We don't know what this loser did with his money." "He wasted on alcohol and women." "Why did he go there? What a waste!"
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LIL TOP
LIL TOP@BrianVags·
Imagine owning a Land since 1988 and someone comes and Grab it forcefully and the one taking it from you is the Government officials and threatening you weeh the system is broken 😞 Wacha ntaenda Ocha nione kama yangu kuna mtu alimwanga raw materials
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Gichuki Kahome
Gichuki Kahome@kahome_steve·
In Kenya, one of the best personal finance decisions you can make is staying away from any personal debts. Stay away from mortgages, stay away from car loans, stay away from any type of consumer debt. Here's why you should stay away from these debts👇
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NSSF_ke
NSSF_ke@NSSF_ke·
NSSF invites applications for the 2026/2027 Internship Programme. Find full details in the Careers section on our website: nssf.or.ke/careers #NSSFKenya
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WARÚHIÚ
WARÚHIÚ@kamauwaruhiu·
Parents can be their children's enemy. Your daughter tells you she’s coming from the Middle East, where she has been for 3 years, earning 50k monthly. She has been sending 20k for her child’s upkeep. That leaves her with 30k, a little over 1 million. You hire a whole Nissan to go for her at the airport. You have a tent and food at home with outside catering and a pastor to give thanks. The total damage is 70k, and now everyone knows she’s home. Beggars crawl out of the woodwork. You have her repair your house, and 3 months later she is broke. You have eaten 3 years of your child’s life. Why?
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Dragan Maricic
Dragan Maricic@dramaricic·
Claude: I fixed all files, they are bug free. Me: Log in button doesn't work. Claude: You're right! Let me check files....Checking... You've hit your limit...
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kokii🦋
kokii🦋@kokiimichii·
Mimi naye najuanga the best way ya kudeal na sadness ni kutoka kwa nyumba , take a walk , ongelesha watu , it helps alot .
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Aleckie Ronald
Aleckie Ronald@SirAlexas·
Re entry is tomorrow around 2.53am and by 3.07 they would have splashed at Pacific? Damn how fast is that rocket??...
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Ian Dancan
Ian Dancan@your_javaguy·
My parents used to send me 300 per week nikiwa shule 😂 I balanced it with my 300 fuliza limit. I had to pay 70 bob transport daily to school. I didn't complain, I knew how it was back home instead I tried locking tf in. When I didn't have enough I'd spend the day shule......
Muema@zimearrest

My children won’t go through this..Imagine nimetumiwa hii na my dad kama fare ya kuenda shule we live in kariobangi so hii pesa ndio inafaa kucover fare ya kuenda na kurudi that is Tao,na bado ndio nafaa kukula lunch mind you nikona exams hadi jioni. Saa hii asubuhi fare ni Mia😭

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