Parclays punk

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Parclays punk

Parclays punk

@Thee_Rodney

Travel. History. ManUtd. 🇰🇪

Kenya Tham gia Aralık 2011
4.2K Đang theo dõi1.8K Người theo dõi
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👤@4rteta·
Saw the coolest thing today. Father and son riding their bikes with the wife trailing them in the Audi on safety car duties
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Dr. Ho Yinsen
Dr. Ho Yinsen@kinjeketile·
We can in fact afford a repeat of June 2024. If that’s the only way the point gets across.
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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Parclays punk@Thee_Rodney·
🤦🏽‍♂️🚮 incompetence
Anwar Saddat@AnuarSaddat

@HonAdenDuale You guys first posted it on the wrong account. Had suspected that a single blogger was managing this page from statehouse. Just confirmed it today.

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Parclays punk@Thee_Rodney·
This entire regime has such staggering incompetence.. wueh
B@ngwata_

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Parclays punk@Thee_Rodney·
@walubengovich 🤣 mara unapanga line kwa omelette kitchen, swimming pool zinakaa Pirates beach, Mara Huna amani because some rando is busy tapping his room key on your door kumbe amesahau kwake.. never ever.
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Apram Lingolin
Apram Lingolin@walubengovich·
@Thee_Rodney Chelewa pale instead of 7am breakfast unafika 7:01am to find the sausage on the buffet is already depleted. Can never be me.
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Parclays punk@Thee_Rodney·
I have nothing against development but run me over with a tractor before I pay for nights in a 1000-room hotel. I can't imagine the chaos in Restaurant number 3 out of 11, during breakfast.
The Rapid Response Tanzania@responds24

JUST IN: Tanzania is constructing the Kilimanjaro International Conference Centre (KMICC) in Arusha, set to become EAC’s largest conference venue. The project, formalized between AICC and PSSSF since March 8, 2025, will host up to 15,000 attendees and include a 1000-room hotel.

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PaYRoLL🗽
PaYRoLL🗽@CoolestDudeOnX·
Mtu anazungumza hadharani kuhusu kunyuka mikwaju vijana wanaoikosoa Serikali, fikiria akiwa sirini anatoa amri za aina gani!
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Nomandla Bobo
Nomandla Bobo@nomandlabobo·
The current disparity between our tax obligations and the quality of public services provided is truly nauseating. Register to VOTE!
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Dr. Ho Yinsen
Dr. Ho Yinsen@kinjeketile·
I’m glad you asked because these are the things I spend time on youtube on. It’s not a tunnel alone but a bridge plus a tunnel to reduce winding. The Swiss have done it on the Gotthard and Lötschberg corridor (road and rail), the French in the early 1900s on the Faux Namti bridge linking China - Vietnam via rail, and the Chinese again on the Tiger Leaping Gorge where this magnificent structure stands highestbridges.com/wiki/index.php…
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Parclays punk@Thee_Rodney·
@Flysafarilink has launched a daily, nonstop flight between Nairobi and Entebbe operating out of JKIA. 👏🏽👏🏽
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Munjiru wa mbari ya Karanja
Kasongo is temporary. The damage he’s doing is permanent.
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⚚Sage
⚚Sage@belikesagee·
POV: you realize in the middle of driving you haven't been paying attention and start wondering how you're still alive
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Parclays punk@Thee_Rodney·
@Batakenya Well thank you, will do so. They are so good I'll be happy to get a pair ✅
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Bata Shoe Kenya P.L.C
Bata Shoe Kenya P.L.C@Batakenya·
@Thee_Rodney We are welcoming you visit us and purchase a pair or two😊 satisfy that urge to get yourself some Safari boots. We have some on offer currently. Karibu sana.
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Parclays punk@Thee_Rodney·
Was on the way to work and a strong urge for @Batakenya Safari boots attacked me. I suspect that by Friday morning I'll have walked straight into a store near me for a pair of those good old things. ✅
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