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Fall in Purchasing Power

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Ericsson		#11 Posted : Monday, May 07, 2018 2:23:28 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,820 Location: NAIROBI		Brent crude oil has crossed the $75 a barrel Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Swenani		#12 Posted : Monday, May 07, 2018 3:05:54 PM
Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum		Habari ndio hiyo Quote: The Treasury has said it expects Pay-as-you-Earn (PAYE) taxes to grow by Sh68 billion to Sh447.6 billion in the coming fiscal year, signalling its determination to push through the long promised review of the income tax law. Very soon we shall be buying a litre at 150 bob if crude oil goes back to $100 territory Quote: ased on the prevailing price of Sh106.83 for a litre of petrol, the 16 per cent tax would raise the cost of the commodity to a record high of Sh124 per litre, while the price of diesel would go up to Sh113.50 from Sh97.86 a litre. If Obiero did it, Who Am I?
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Ericsson		#13 Posted : Wednesday, May 09, 2018 6:18:55 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,820 Location: NAIROBI		Brent crude oil at $77 a barrel. Prepare for ksh.115 a liter Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Wororo		#14 Posted : Wednesday, May 09, 2018 9:29:29 PM
Rank: Member Joined: 1/30/2011 Posts: 207		Ericsson wrote: Brent crude oil at $77 a barrel. Prepare for ksh.115 a liter Plus VAT come Sept it'll be circa 150/= ... Time to reconsider owning guzzlers... And disposing them might be quite nerve racking...
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Ericsson		#15 Posted : Thursday, May 10, 2018 12:38:24 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,820 Location: NAIROBI		Wororo wrote: Ericsson wrote: Brent crude oil at $77 a barrel. Prepare for ksh.115 a liter Plus VAT come Sept it'll be circa 150/= ... Time to reconsider owning guzzlers... And disposing them might be quite nerve racking... VAT will be deferred at the current oil prices Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Swenani		#16 Posted : Tuesday, May 15, 2018 11:23:29 AM
Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum		Rotich Quote: Treasury secretary Henry Rotich has hit Kenya’s big earners with a 35 per cent top tax rate as part of the quest increase income tax revenues by Sh68 billion. Why is he punishing hardwork? If Obiero did it, Who Am I?
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Ericsson		#17 Posted : Tuesday, May 15, 2018 11:47:50 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,820 Location: NAIROBI		Swenani wrote: Rotich Quote: Treasury secretary Henry Rotich has hit Kenya’s big earners with a 35 per cent top tax rate as part of the quest increase income tax revenues by Sh68 billion. Why is he punishing hardwork? Hardwork in GoK is alien Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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jgithige		#18 Posted : Tuesday, May 15, 2018 12:39:10 PM
Rank: Member Joined: 7/10/2014 Posts: 145 Location: Nairobi		Wororo wrote: Ericsson wrote: Brent crude oil at $77 a barrel. Prepare for ksh.115 a liter Plus VAT come Sept it'll be circa 150/= ... Time to reconsider owning guzzlers... And disposing them might be quite nerve racking... In recent times on our roads V8s are tryin to catch up with fielders. You can hardly drive for 5 min especially in NBO without spotting one. "Blowing out someone else candle won't make yours shine brighter"-Anonymous
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kediveKed		#19 Posted : Tuesday, May 15, 2018 1:21:53 PM
Rank: New-farer Joined: 3/28/2016 Posts: 37 Location: nairobi		Swenani wrote: Rotich Quote: Treasury secretary Henry Rotich has hit Kenya’s big earners with a 35 per cent top tax rate as part of the quest increase income tax revenues by Sh68 billion. Why is he punishing hardwork? Punishing hard work? it's only fair that those who earn more should get taxed more. Simple.
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mulla		#20 Posted : Tuesday, May 15, 2018 2:34:50 PM
Rank: Member Joined: 6/15/2013 Posts: 301		jgithige wrote: Wororo wrote: Ericsson wrote: Brent crude oil at $77 a barrel. Prepare for ksh.115 a liter Plus VAT come Sept it'll be circa 150/= ... Time to reconsider owning guzzlers... And disposing them might be quite nerve racking... In recent times on our roads V8s are tryin to catch up with fielders. You can hardly drive for 5 min especially in NBO without spotting one. True....we live in a showing off culture...many of these guys live in rentals and have purchased the cars on loans.....
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