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411 on dividend and AGM
Rank: Elder Joined: 12/7/2012 Posts: 11,937
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wal6807 wrote:maka wrote:Angelica _ann wrote:DtheK wrote:@wal6807 True the figures don't make much sense,they have deducted less the 15% for tax.All the same throats will be watered. 15% or 5% ... Mine makes sense Should be 5%. They have paid the .76 dividend not the special .68 Hapa ni kukula nyama tu bila wasiwasi  In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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Angelica _ann wrote:wal6807 wrote:maka wrote:Angelica _ann wrote:DtheK wrote:@wal6807 True the figures don't make much sense,they have deducted less the 15% for tax.All the same throats will be watered. 15% or 5% ... Mine makes sense Should be 5%. They have paid the .76 dividend not the special .68 Hapa ni kukula nyama tu bila wasiwasi Kumbe!! Hata mimi nishapata nyama. So the 68cts is now only 1 month away!! Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Rank: Member Joined: 5/30/2016 Posts: 332 Location: Kayole
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Gatheuzi wrote:Angelica _ann wrote:wal6807 wrote:maka wrote:Angelica _ann wrote:DtheK wrote:@wal6807 True the figures don't make much sense,they have deducted less the 15% for tax.All the same throats will be watered. 15% or 5% ... Mine makes sense Should be 5%. They have paid the .76 dividend not the special .68 Hapa ni kukula nyama tu bila wasiwasi Kumbe!! Hata mimi nishapata nyama. So the 68cts is now only 1 month away!! was wondering the same. thought KRA taxed more coz of the special dividend KEGN, KPLC, KQ, SCOM
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Rank: Elder Joined: 12/7/2012 Posts: 11,937
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mkate_nusu wrote:Gatheuzi wrote:Angelica _ann wrote:wal6807 wrote:maka wrote:Angelica _ann wrote:DtheK wrote:@wal6807 True the figures don't make much sense,they have deducted less the 15% for tax.All the same throats will be watered. 15% or 5% ... Mine makes sense Should be 5%. They have paid the .76 dividend not the special .68 Hapa ni kukula nyama tu bila wasiwasi Kumbe!! Hata mimi nishapata nyama. So the 68cts is now only 1 month away!! was wondering the same. thought KRA taxed more coz of the special dividend Taxed more, how now? Still at W/holding tax at 5% In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Member Joined: 5/30/2016 Posts: 332 Location: Kayole
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Angelica _ann wrote:mkate_nusu wrote:Gatheuzi wrote:Angelica _ann wrote:wal6807 wrote:maka wrote:Angelica _ann wrote:DtheK wrote:@wal6807 True the figures don't make much sense,they have deducted less the 15% for tax.All the same throats will be watered. 15% or 5% ... Mine makes sense Should be 5%. They have paid the .76 dividend not the special .68 Hapa ni kukula nyama tu bila wasiwasi Kumbe!! Hata mimi nishapata nyama. So the 68cts is now only 1 month away!! was wondering the same. thought KRA taxed more coz of the special dividend Taxed more, how now? Still at W/holding tax at 5% I was expecting 1.44 * no. of shares I hold so I deducted the amount I received from what I was expecting to arrive at a higher deductible tax. Payment of only one part of the dividend adds up taxwise KEGN, KPLC, KQ, SCOM
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Rank: Elder Joined: 12/7/2012 Posts: 11,937
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Safaricom special dividends received via mpesa In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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Angelica _ann wrote:Safaricom special dividends received via mpesa Also received via EFT  Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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mkate_nusu wrote:Angelica _ann wrote:mkate_nusu wrote:Gatheuzi wrote:Angelica _ann wrote:wal6807 wrote:maka wrote:Angelica _ann wrote:DtheK wrote:@wal6807 True the figures don't make much sense,they have deducted less the 15% for tax.All the same throats will be watered. 15% or 5% ... Mine makes sense Should be 5%. They have paid the .76 dividend not the special .68 Hapa ni kukula nyama tu bila wasiwasi Kumbe!! Hata mimi nishapata nyama. So the 68cts is now only 1 month away!! was wondering the same. thought KRA taxed more coz of the special dividend Taxed more, how now? Still at W/holding tax at 5% I was expecting 1.44 * no. of shares I hold so I deducted the amount I received from what I was expecting to arrive at a higher deductible tax. Payment of only one part of the dividend adds up taxwise Let's assume you hold 10,000 shares that qualify for KES 0.76 dividend and KES 0.68 special dividend. Total dividend = KES 1.44.
Withholding tax (WTH) = 5%
Dividend 1 WTH = 10000 x 0.76 x 0.05 = KES 380
Dividend 2 WTH = 10000 x 0.68 x 0.05 = KES 340
Total WHT = 380 + 340 = KES 720
Let's use the total dividend (1.44)to test your more taxation theory when paid in piecemeal.
WTH = 10000 x 1.44 x 0.05 = KES 720
How did you arrive at more WTH tax being paid when the dividends are paid in a piecemeal fashion?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 5/30/2016 Posts: 332 Location: Kayole
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hisah wrote:mkate_nusu wrote:Angelica _ann wrote:mkate_nusu wrote:Gatheuzi wrote:Angelica _ann wrote:wal6807 wrote:maka wrote:Angelica _ann wrote:DtheK wrote:@wal6807 True the figures don't make much sense,they have deducted less the 15% for tax.All the same throats will be watered. 15% or 5% ... Mine makes sense Should be 5%. They have paid the .76 dividend not the special .68 Hapa ni kukula nyama tu bila wasiwasi Kumbe!! Hata mimi nishapata nyama. So the 68cts is now only 1 month away!! was wondering the same. thought KRA taxed more coz of the special dividend Taxed more, how now? Still at W/holding tax at 5% I was expecting 1.44 * no. of shares I hold so I deducted the amount I received from what I was expecting to arrive at a higher deductible tax. Payment of only one part of the dividend adds up taxwise Let's assume you hold 10,000 shares that qualify for KES 0.76 dividend and KES 0.68 special dividend. Total dividend = KES 1.44.
Withholding tax (WTH) = 5%
Dividend 1 WTH = 10000 x 0.76 x 0.05 = KES 380
Dividend 2 WTH = 10000 x 0.68 x 0.05 = KES 340
Total WHT = 380 + 340 = KES 720
Let's use the total dividend (1.44)to test your more taxation theory when paid in piecemeal.
WTH = 10000 x 1.44 x 0.05 = KES 720
How did you arrive at more WTH tax being paid when the dividends are paid in a piecemeal fashion?
here's my earlier statement mathematically (a-b)=x going by the number of shares provided as example I arrive at a wht of 47%. tax : (10000 x 1.44) - (10000 x 0.76) = KES 6800 /47.22 % KEGN, KPLC, KQ, SCOM
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Rank: Veteran Joined: 4/4/2016 Posts: 2,021 Location: Kitale
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Im wondering why safaricom sent my dividend by eft,instead of mpesa? the bank has charged me more.it could have been better by mpesa or cheque.what should i do to change this? in my cdsc,i had indicated my choice of receiving dividend as by cheque. Towards the goal of financial freedom
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