wazua Fri, Apr 3, 2026
Welcome Guest Search | Active Topics | Log In

5 Pages123>»
16% VAT shocker on stocks
Options
Previous Topic · Next Topic
mwekez@ji
#1 Posted : Tuesday, July 02, 2013 11:30:03 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Quote:
Investors at NSE are set to be hit by a 16 per cent addition to their transaction costs if the proposed amendments to the Value Added Tax (VAT) Act are passed into law.

http://www.businessdailyafrica....1/-/hxieppz/-/index.html


We are not done talking about Capital Gains Tax on stocks and then this crops up ... The market has every reason to tank!!!
Back to top
  |
mwekez@ji
#2 Posted : Tuesday, July 02, 2013 11:34:54 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
hisah wrote:
VAT shocker hits investors - http://www.businessdaily...8/-/gwsnkj/-/index.html

Very ill thought this tax idea just like the mobile money excise duty. This one will squeeze out retail volume leaving brokers with diminished commish. Markets need wanjikus turnover otherwise no growth...

#TaxEverything - the new gubberment worldwide motive?!? d'oh!
Back to top
  |
Pick n Pay
#3 Posted : Wednesday, July 03, 2013 1:40:17 AM
Rank: New-farer

Joined: 1/29/2013
Posts: 45
Location: South Africa
So, this government was meant to lower the cost of living. But now this proposed VAT Bill 2013:-

1-Rent will surely go up since he is taxing landlords.

2-Staple foods like maize and wheat now attract 16%, so you will have to dig deeper to eat.

3-If you have school going girls, be ready to pay more for sanitary pads, exercise books, and text books.If you have young kids, you will now pay 16% tax on infant formula.

4-The stock market now attracts more taxation.

5-Kama wewe ni rapper ama up and coming musician, you are now going to be slapped with 16% tax.

6-Everything will go up because electricity VAT will go up from 12% to 16%


You are f'ed if you are poor.
Greed is fear.
Back to top
  |
Cde Monomotapa
#4 Posted : Wednesday, July 03, 2013 2:36:33 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
I welcome the VAT on stocks and as it may be a shocker to some, to some it isn't. The ZSE charges VAT too and the tranx costs are still lower than the NSE's. If we get an over-reaction, well & good smile SELL!

Also, as a country, we have worked on a bigger threat to livelihoods than taxes over the past decade. That is in the form of addressing structural inflation by improving infrastructure. The pioneer investments in renewable energy are about to come online in geo-thermal. That's the best trick we will experience in the next one year after affordable communication via ICT. Better roads & rail. All in all, frugality is a virtue, you have overall control over your expenditure. Nobody will ever do that for you.

Vision 2030 ni kiboko yao. Trust me, structural inflation (inefficiency) is worse than taxes. Let's see.
Back to top
  | | Edit by user: Wednesday, July 03, 2013 2:48 AM | Reason: Not specified
mlennyma
#5 Posted : Wednesday, July 03, 2013 6:55:08 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
This country is heading nowhere with this unreasonable taxation,you mean 100k will be taxed 16k?
"Don't let the fear of losing be greater than the excitement of winning."
Back to top
WWW
  |
guru267
#6 Posted : Wednesday, July 03, 2013 7:12:33 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Afadhali wa rudishe capital gains tax!!!

Jubilee is really risking their chances in 2017... The 20 year plan might just turn into a 4 year disaster! Sad
Mark 12:29
Deuteronomy 4:16
Back to top
  |
mlennyma
#7 Posted : Wednesday, July 03, 2013 7:20:08 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Its robbery to part with 160k in a 1m sale deal and add the other commisions..stock market is dead.
"Don't let the fear of losing be greater than the excitement of winning."
Back to top
WWW
  |
dunkang
#8 Posted : Wednesday, July 03, 2013 7:46:16 AM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
And that will mark the death of the NSE as an investment option for me and many others.
Receive with simplicity everything that happens to you.” ― Rashi

Back to top
  |
King G
#9 Posted : Wednesday, July 03, 2013 7:56:32 AM
Rank: Elder

Joined: 6/20/2012
Posts: 3,855
Location: Othumo
16% vat on what principle amount, really??????
Thieves
Back to top
  |
Cde Monomotapa
#10 Posted : Wednesday, July 03, 2013 8:00:43 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
1.16% times 1.84% = ??
Back to top
  |
5 Pages123>»
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.