Soldermort

Finance Bill 2026 is asking for permission to kill local businesses. Right now, if your company makes profits, you can choose to: • Reinvest profits back to business • Or distribute it as dividends to shareholders Finance Bill 2026 wants that removed. And be replaced by one hard rule. That, • At least 60% of your profits can be treated as dividends by KRA. Even if you did NOT distribute anything. “At least” means minimum. KRA can push it to: 70%, 80% even 90% if they don't like you. Read that again. Meaning: • If you reinvest all your profits in your business, KRA will says: - Noo. At least 60% must be distributed to shareholders. And since you didn’t, we will assume you did, and demand dividend tax from you. As a result: • You are taxed on money you never paid out • 5%–15% withholding tax on “deemed” dividends Who is in cooked? • SMEs reinvesting profits to expand • Manufacturing businesses expanding • Real estate firms with paper profits but no cash Who is safe? • SEZ companies • NIFC companies • REITs Because their dividends are already exempt. But for everyone else, this is a forced dividend rule. The govt is no longer waiting for you to run your business. They want KRA to run it for you. Is this fair taxation? Or forced extraction?

No way 🤣🤣🤣

“Ambia KRA wafungue file za uyo mzee na chief wa kwao nyumbani atafute makosa alifanya 1984”