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Paying Chinese debt
Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Angelica _ann wrote:murchr wrote:How is the "patriotism tax" going? 1st installment is due next month, 9th February. Relax, kila mtu alipe tax chake!!! Tax siku hizi iko na installment? Seems like you have no idea of what am talking about Quote:KRA moved to implement the controversial three per cent Turnover Tax (TOT) targeting 2.5 million businesses in the informal sector. The new tax takes effect from January 1, 2020.
A turnover tax is charged on total sales and does not factor in other costs associated with running the business.
It is one of the easiest taxes for any authority to levy, given that only one calculation is required to know how much tax one must pay.
That is not all. As you prepare to get your business licence from your county government, you will be expected to pay an extra 15 per cent of the permit fees to KRA as presumptive tax.
This means that if your annual business licence fee is Sh10,000, then you should be prepared to top this up by Sh1,500 for the taxman.
Kenyans are up in arms after the taxman put up a notice on Friday asking businessmen to take the action as a ''patriotic duty'' as it puts to life the tax measures in the Finance Act 2019. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 12/7/2012 Posts: 11,936
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murchr wrote:Angelica _ann wrote:murchr wrote:How is the "patriotism tax" going? 1st installment is due next month, 9th February. Relax, kila mtu alipe tax chake!!! Tax siku hizi iko na installment? Seems like you have no idea of what am talking about Quote:KRA moved to implement the controversial three per cent Turnover Tax (TOT) targeting 2.5 million businesses in the informal sector. The new tax takes effect from January 1, 2020.
A turnover tax is charged on total sales and does not factor in other costs associated with running the business.
It is one of the easiest taxes for any authority to levy, given that only one calculation is required to know how much tax one must pay.
That is not all. As you prepare to get your business licence from your county government, you will be expected to pay an extra 15 per cent of the permit fees to KRA as presumptive tax.
This means that if your annual business licence fee is Sh10,000, then you should be prepared to top this up by Sh1,500 for the taxman.
Kenyans are up in arms after the taxman put up a notice on Friday asking businessmen to take the action as a ''patriotic duty'' as it puts to life the tax measures in the Finance Act 2019. I know what you are talking about, niko kwa jua kali boss in Homa Bay & I also follow Jubilee missteps closely. The first payment date of this tax is 9th February,2020. Ama what are you arguing about? S So as at now we cannot make an assessment now and tell how the tax is doing. Wait!!! Plus many taxes in Kenya are paid in installment... Monthly or quarterly. Kila mtu alipe ushuru kiwangu chake!!! 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: 2/15/2018 Posts: 428
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Kusadikika wrote:It is impossible to beat China in manufacturing. We can try the duty thing kidogo but my main concentration would be on things that we have that Chinese want. Unfortunately we have been poisoned by Mzungus to our own detriment. Chinese are 1.4 billion people and for some reason they love weird things like Rhino horns, elephant tusks etc. Na sisi wajinga kwa sababu mzungu amesema hii biashara ni mbaya we burn ivory so as to destroy the trade. Hii ni ujinga ya aina gani. Someone is willing to pay money for ivory to increase his libido or whatever they use it for na sisi tunachoma. We have things that these people need and they have money to pay. We should be concentrating on these things.
There are farmers in Murang'a who are fighting with monkeys every day as they invade their shambas. Let us turn these tragedies into opportunities. It is illegal to kill these things because of stupid colonial laws. Repeal those laws and allow people to kill and farm them. The Chinese will eat anything and I am sure will find those ones from Aberdares very tasty. Same things with roaming dogs.
Trade is about supply and demand. Let us find what we have that the Chinese need and let us provide it. Manufacturing, hatuwezi toboa. So Mwafrika should not be concerned with Rhinos going extinct?
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Angelica _ann wrote:murchr wrote:Angelica _ann wrote:murchr wrote:How is the "patriotism tax" going? 1st installment is due next month, 9th February. Relax, kila mtu alipe tax chake!!! Tax siku hizi iko na installment? Seems like you have no idea of what am talking about Quote:KRA moved to implement the controversial three per cent Turnover Tax (TOT) targeting 2.5 million businesses in the informal sector. The new tax takes effect from January 1, 2020.
A turnover tax is charged on total sales and does not factor in other costs associated with running the business.
It is one of the easiest taxes for any authority to levy, given that only one calculation is required to know how much tax one must pay.
That is not all. As you prepare to get your business licence from your county government, you will be expected to pay an extra 15 per cent of the permit fees to KRA as presumptive tax.
This means that if your annual business licence fee is Sh10,000, then you should be prepared to top this up by Sh1,500 for the taxman.
Kenyans are up in arms after the taxman put up a notice on Friday asking businessmen to take the action as a ''patriotic duty'' as it puts to life the tax measures in the Finance Act 2019. I know what you are talking about, niko kwa jua kali boss in Homa Bay & I also follow Jubilee missteps closely. The first payment date of this tax is 9th February,2020. Ama what are you arguing about? S So as at now we cannot make an assessment now and tell how the tax is doing. Wait!!! Plus many taxes in Kenya are paid in installment... Monthly or quarterly. Kila mtu alipe ushuru kiwangu chake!!! Taxes are not paid in installments You confused the whole conversation by misusing words "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 12/7/2012 Posts: 11,936
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murchr wrote:Angelica _ann wrote:murchr wrote:Angelica _ann wrote:murchr wrote:How is the "patriotism tax" going? 1st installment is due next month, 9th February. Relax, kila mtu alipe tax chake!!! Tax siku hizi iko na installment? Seems like you have no idea of what am talking about Quote:KRA moved to implement the controversial three per cent Turnover Tax (TOT) targeting 2.5 million businesses in the informal sector. The new tax takes effect from January 1, 2020.
A turnover tax is charged on total sales and does not factor in other costs associated with running the business.
It is one of the easiest taxes for any authority to levy, given that only one calculation is required to know how much tax one must pay.
That is not all. As you prepare to get your business licence from your county government, you will be expected to pay an extra 15 per cent of the permit fees to KRA as presumptive tax.
This means that if your annual business licence fee is Sh10,000, then you should be prepared to top this up by Sh1,500 for the taxman.
Kenyans are up in arms after the taxman put up a notice on Friday asking businessmen to take the action as a ''patriotic duty'' as it puts to life the tax measures in the Finance Act 2019. I know what you are talking about, niko kwa jua kali boss in Homa Bay & I also follow Jubilee missteps closely. The first payment date of this tax is 9th February,2020. Ama what are you arguing about? S So as at now we cannot make an assessment now and tell how the tax is doing. Wait!!! Plus many taxes in Kenya are paid in installment... Monthly or quarterly. Kila mtu alipe ushuru kiwangu chake!!! Taxes are not paid in installments You confused the whole conversation by misusing words So how is this tax supposed to be paid? 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: Elder Joined: 2/26/2012 Posts: 15,980
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Angelica _ann wrote:murchr wrote:Angelica _ann wrote:murchr wrote:Angelica _ann wrote:murchr wrote:How is the "patriotism tax" going? 1st installment is due next month, 9th February. Relax, kila mtu alipe tax chake!!! Tax siku hizi iko na installment? Seems like you have no idea of what am talking about Quote:KRA moved to implement the controversial three per cent Turnover Tax (TOT) targeting 2.5 million businesses in the informal sector. The new tax takes effect from January 1, 2020.
A turnover tax is charged on total sales and does not factor in other costs associated with running the business.
It is one of the easiest taxes for any authority to levy, given that only one calculation is required to know how much tax one must pay.
That is not all. As you prepare to get your business licence from your county government, you will be expected to pay an extra 15 per cent of the permit fees to KRA as presumptive tax.
This means that if your annual business licence fee is Sh10,000, then you should be prepared to top this up by Sh1,500 for the taxman.
Kenyans are up in arms after the taxman put up a notice on Friday asking businessmen to take the action as a ''patriotic duty'' as it puts to life the tax measures in the Finance Act 2019. I know what you are talking about, niko kwa jua kali boss in Homa Bay & I also follow Jubilee missteps closely. The first payment date of this tax is 9th February,2020. Ama what are you arguing about? S So as at now we cannot make an assessment now and tell how the tax is doing. Wait!!! Plus many taxes in Kenya are paid in installment... Monthly or quarterly. Kila mtu alipe ushuru kiwangu chake!!! Taxes are not paid in installments You confused the whole conversation by misusing words So how is this tax supposed to be paid? Payments. Loans/interest are paid in installments "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 12/7/2012 Posts: 11,936
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murchr wrote:Angelica _ann wrote:murchr wrote:Angelica _ann wrote:murchr wrote:Angelica _ann wrote:murchr wrote:How is the "patriotism tax" going? 1st installment is due next month, 9th February. Relax, kila mtu alipe tax chake!!! Tax siku hizi iko na installment? Seems like you have no idea of what am talking about Quote:KRA moved to implement the controversial three per cent Turnover Tax (TOT) targeting 2.5 million businesses in the informal sector. The new tax takes effect from January 1, 2020.
A turnover tax is charged on total sales and does not factor in other costs associated with running the business.
It is one of the easiest taxes for any authority to levy, given that only one calculation is required to know how much tax one must pay.
That is not all. As you prepare to get your business licence from your county government, you will be expected to pay an extra 15 per cent of the permit fees to KRA as presumptive tax.
This means that if your annual business licence fee is Sh10,000, then you should be prepared to top this up by Sh1,500 for the taxman.
Kenyans are up in arms after the taxman put up a notice on Friday asking businessmen to take the action as a ''patriotic duty'' as it puts to life the tax measures in the Finance Act 2019. I know what you are talking about, niko kwa jua kali boss in Homa Bay & I also follow Jubilee missteps closely. The first payment date of this tax is 9th February,2020. Ama what are you arguing about? S So as at now we cannot make an assessment now and tell how the tax is doing. Wait!!! Plus many taxes in Kenya are paid in installment... Monthly or quarterly. Kila mtu alipe ushuru kiwangu chake!!! Taxes are not paid in installments You confused the whole conversation by misusing words So how is this tax supposed to be paid? Payments. Loans/interest are paid in installments KRA will update its performance during quarterly briefing _ April 2020. Tulipe ushuru. 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: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma
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murchr wrote:Angelica _ann wrote:murchr wrote:Angelica _ann wrote:murchr wrote:How is the "patriotism tax" going? 1st installment is due next month, 9th February. Relax, kila mtu alipe tax chake!!! Tax siku hizi iko na installment? Seems like you have no idea of what am talking about Quote:KRA moved to implement the controversial three per cent Turnover Tax (TOT) targeting 2.5 million businesses in the informal sector. The new tax takes effect from January 1, 2020.
A turnover tax is charged on total sales and does not factor in other costs associated with running the business.
It is one of the easiest taxes for any authority to levy, given that only one calculation is required to know how much tax one must pay.
That is not all. As you prepare to get your business licence from your county government, you will be expected to pay an extra 15 per cent of the permit fees to KRA as presumptive tax.
This means that if your annual business licence fee is Sh10,000, then you should be prepared to top this up by Sh1,500 for the taxman.
Kenyans are up in arms after the taxman put up a notice on Friday asking businessmen to take the action as a ''patriotic duty'' as it puts to life the tax measures in the Finance Act 2019. I know what you are talking about, niko kwa jua kali boss in Homa Bay & I also follow Jubilee missteps closely. The first payment date of this tax is 9th February,2020. Ama what are you arguing about? S So as at now we cannot make an assessment now and tell how the tax is doing. Wait!!! Plus many taxes in Kenya are paid in installment... Monthly or quarterly. Kila mtu alipe ushuru kiwangu chake!!! Taxes are not paid in installments You confused the whole conversation by misusing words Instalment payments are no longer there for corporate tax?
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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Lolest! wrote:murchr wrote:Angelica _ann wrote:murchr wrote:Angelica _ann wrote:murchr wrote:How is the "patriotism tax" going? 1st installment is due next month, 9th February. Relax, kila mtu alipe tax chake!!! Tax siku hizi iko na installment? Seems like you have no idea of what am talking about Quote:KRA moved to implement the controversial three per cent Turnover Tax (TOT) targeting 2.5 million businesses in the informal sector. The new tax takes effect from January 1, 2020.
A turnover tax is charged on total sales and does not factor in other costs associated with running the business.
It is one of the easiest taxes for any authority to levy, given that only one calculation is required to know how much tax one must pay.
That is not all. As you prepare to get your business licence from your county government, you will be expected to pay an extra 15 per cent of the permit fees to KRA as presumptive tax.
This means that if your annual business licence fee is Sh10,000, then you should be prepared to top this up by Sh1,500 for the taxman.
Kenyans are up in arms after the taxman put up a notice on Friday asking businessmen to take the action as a ''patriotic duty'' as it puts to life the tax measures in the Finance Act 2019. I know what you are talking about, niko kwa jua kali boss in Homa Bay & I also follow Jubilee missteps closely. The first payment date of this tax is 9th February,2020. Ama what are you arguing about? S So as at now we cannot make an assessment now and tell how the tax is doing. Wait!!! Plus many taxes in Kenya are paid in installment... Monthly or quarterly. Kila mtu alipe ushuru kiwangu chake!!! Taxes are not paid in installments You confused the whole conversation by misusing words Instalment payments are no longer there for corporate tax? Wachana na @muchrc, installment tax is still there for corporates. Even WT is installment tax If Obiero did it, Who Am I?
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Nikubaya. Road side declarations ain't helping. Tulipe tu Bus daily wrote:
The National Treasury is under pressure from the International Monetary Fund (IMF) to raise the prices of basic goods by at least 16 percent in an effort to cut budget deficit and tame public borrowing.
The multilateral financier says the 16 percent value added tax that the government has scrapped on ‘sensitive’ goods such as bread, cooking gas, maize and wheat flour has significantly contributed to collection shortfalls.
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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