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Nik
@NiklasRogers
Really trying hard to be an optimist. I still look both ways when joining a round about.
Mombasa, Kenya Katılım Nisan 2012
762 Takip Edilen219 Takipçiler
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Tax experts - correct me if I am wrong, but this is what I understand KRA’s proposal in the finance bill 2026 to be.
Assume I made revenue of 100,000
All my costs are 80,000.
My net profit is this 20,000.
KRA at present expects 30% of this as corporate tax.
Leaving me with 14,000.
I can pull that out as dividends, at which point KRA will tax me.
Or, I can plough it back into the business.
KRA’s proposal is to TAX at MINIMUM 60% of this, the ceiling being at the discretion of the commissioner general.
This makes absolutely NO SENSE to me.
Not only are you punishing reinvestment, you are hitting hard new businesses that are the most likely to reinvest their profits, not to mention businesses that are growing organically.
In what universe is this a rational policy move?
English
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@Naomikibandi The political class forget they are servants , they have lost touch with the electorate
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World Urban Forum, Baku, Azerbaijan x.com/i/broadcasts/1…
Indonesia

@gpdkaluma You are so out of touch with the electorate it is incredible. Enjoy your tax funded SUV, your tax funded salary and just a suggestion try to understand you are a "public servant"
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