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10% levy on financial services
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KulaRaha
#11 Posted : Saturday, July 27, 2013 7:07:24 PM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
dunkang wrote:
KulaRaha wrote:
This is nothing, our dumb Tanzanian brethren have levied 2% tax on the value of the transfer LOOOL...so if you're transferring 10M you pay 200k...and the way they love zeros!

those morons never cease to amaze me...they'll kill official banking and everyone will revert to cash!

I hope you are drunk, because that is next to impossible. But if true, TZ must enter the guiness book of record, for STUPIDITY!


I wish I was drunk...this is a fact!
Business opportunities are like buses,there's always another one coming
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Ngong
#12 Posted : Saturday, July 27, 2013 10:39:39 PM
Rank: Veteran

Joined: 11/17/2012
Posts: 1,461
Location: Ngong Forest
For those of us who are slow,I go withdraw cash at the ATM,the bank charges me Kshs. 30.
Now from Aug this will be Kshs. 33? ama?
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Impunity
#13 Posted : Saturday, July 27, 2013 11:36:15 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
Ngong wrote:
For those of us who are slow,I go withdraw cash at the ATM,the bank charges me Kshs. 30.
Now from Aug this will be Kshs. 33? ama?


Ditto and including Mpesa transactions!!!
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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radio
#14 Posted : Sunday, July 28, 2013 4:26:20 AM
Rank: Veteran

Joined: 11/9/2009
Posts: 2,003
Impunity wrote:
Ngong wrote:
For those of us who are slow,I go withdraw cash at the ATM,the bank charges me Kshs. 30.
Now from Aug this will be Kshs. 33? ama?


Ditto and including Mpesa transactions!!!


But have we not being paying this on money transfer already?
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Rankaz13
#15 Posted : Sunday, July 28, 2013 9:27:14 AM
Rank: Elder

Joined: 5/21/2013
Posts: 2,841
Location: Here
radio wrote:
Impunity wrote:
Ngong wrote:
For those of us who are slow,I go withdraw cash at the ATM,the bank charges me Kshs. 30.
Now from Aug this will be Kshs. 33? ama?


Ditto and including Mpesa transactions!!!


But have we not being paying this on money transfer already?


It had been suspended.
Life is like playing a violin solo in public and learning the instrument as one goes on.
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dunkang
#16 Posted : Sunday, July 28, 2013 9:50:48 AM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
KulaRaha wrote:
dunkang wrote:
KulaRaha wrote:
This is nothing, our dumb Tanzanian brethren have levied 2% tax on the value of the transfer LOOOL...so if you're transferring 10M you pay 200k...and the way they love zeros!

those morons never cease to amaze me...they'll kill official banking and everyone will revert to cash!

I hope you are drunk, because that is next to impossible. But if true, TZ must enter the guiness book of record, for STUPIDITY!


I wish I was drunk...this is a fact!

Surely, if the state takes all that, then the bank/Dahabshil/western union takes another 2%, what will be remaining to send?
Receive with simplicity everything that happens to you.” ― Rashi

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Magigi
#17 Posted : Sunday, July 28, 2013 11:56:04 AM
Rank: Elder

Joined: 3/31/2008
Posts: 7,081
Location: Kenya
Withdrawn
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  | | Edit by user: Sunday, July 28, 2013 6:09 PM | Reason: Not specified
MatataMingi
#18 Posted : Sunday, July 28, 2013 3:59:15 PM
Rank: Member

Joined: 11/17/2009
Posts: 399
Location: Where everyone knows you
@ Magigi.

I can help explain. Give me the TBill / TBond issue number, how much you invested and what did you quote as an interest rate.
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Magigi
#19 Posted : Sunday, July 28, 2013 6:04:55 PM
Rank: Elder

Joined: 3/31/2008
Posts: 7,081
Location: Kenya
MatataMingi wrote:
@ Magigi.

I can help explain. Give me the TBill / TBond issue number, how much you invested and what did you quote as an interest rate.

...Thanks mate...After some checking here and there, I have just discovered it is a certificate of what they retained on the start date...The problem is that they send the certificate when the due date is just next week...
...Lakini shida ya kutoelewa Economics kwangu ni kubwa...
...With the government out to tax everything, you kind of get scared when yo receive documents like these!
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  | | Edit by user: Sunday, July 28, 2013 6:11 PM | Reason: Not specified
mwekez@ji
#20 Posted : Wednesday, July 31, 2013 12:54:36 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
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