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16% VAT shocker on stocks
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nostoppingthis
#11 Posted : Wednesday, July 03, 2013 8:13:38 AM
Rank: Chief

Joined: 8/24/2009
Posts: 5,909
Location: Nairobi
guru267 wrote:
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


It doesn't matter what Juilee does wrong... you'll be reminded about tyranny of numbers...

16% VAT on stocks is taking it too far!! How many taxes does this government want to introduce to feed these promises...??
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Cde Monomotapa
#12 Posted : Wednesday, July 03, 2013 8:18:33 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Cde Monomotapa wrote:
1.16% times 1.84% = ??
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mlennyma
#13 Posted : Wednesday, July 03, 2013 8:25:44 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Ok i sober up, can someone calculate for me the v.a.t for a 1m sale here?
"Don't let the fear of losing be greater than the excitement of winning."
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Cde Monomotapa
#14 Posted : Wednesday, July 03, 2013 8:26:49 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Cde Monomotapa wrote:
Cde Monomotapa wrote:
1.16% times 1.84% = ??
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dunkang
#15 Posted : Wednesday, July 03, 2013 8:30:05 AM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
With the ongoing tyranny of jubilee dominance in Parliament, that VAT chieth is going through.
http://www.businessdaily...94/-/f33ga8/-/index.html
Receive with simplicity everything that happens to you.” ― Rashi

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Cde Monomotapa
#16 Posted : Wednesday, July 03, 2013 8:36:12 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Cde Monomotapa wrote:
Cde Monomotapa wrote:
Cde Monomotapa wrote:
1.16% times 1.84% = ??
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guru267
#17 Posted : Wednesday, July 03, 2013 8:44:32 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
nostoppingthis wrote:
guru267 wrote:
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


It doesn't matter what Juilee does wrong... you'll be reminded about tyranny of numbers...

16% VAT on stocks is taking it too far!! How many taxes does this government want to introduce to feed these promises...??


Hunger and poverty know no tribe... If things get too bad we Jubilee might be evicted by next year!

#LookAtEgypt
Mark 12:29
Deuteronomy 4:16
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Cde Monomotapa
#18 Posted : Wednesday, July 03, 2013 8:45:50 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Cde Monomotapa wrote:
Cde Monomotapa wrote:
Cde Monomotapa wrote:
Cde Monomotapa wrote:
1.16% times 1.84% = ??
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Museveni
#19 Posted : Wednesday, July 03, 2013 8:50:49 AM
Rank: Member

Joined: 8/16/2012
Posts: 661
Cde Monomotapa wrote:
1.16% times 1.84% = ??


E.g In a stock buy worth 1M,

Transaction fee = 1.84% = 18,400

Proposed tax = 16% of 18,400 = 2,944

Total fees = 21,344


i.e transaction fee % now approx 2.134%


For stock transactions worth 100,000


Transaction fee = 2.1% = 2,100

Proposed tax = 16% of 2,100 = 336

Total fees = 2,436

i.e transaction fee % now approx 2.436%
Live and learn; and don’t forget, nothing ventured, nothing gained.
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Cde Monomotapa
#20 Posted : Wednesday, July 03, 2013 8:51:15 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Cde Monomotapa wrote:
Cde Monomotapa wrote:
Cde Monomotapa wrote:
Cde Monomotapa wrote:
Cde Monomotapa wrote:
1.16% times 1.84% = ??





OK. It is = 2.13% + 0.2% of other charges makes 2.33% to Buy since VAT's a consumption tax.
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