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Kenya Airways...why ignore..
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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obiero wrote:News just in from the Exchange Bar, KQ to be exempt from payment of corporate tax You take exchange bar rumours too seriously   Businesses in losses don't pay corporate tax. They carry forward losses to offset against future profits. In my estimation, KQ hasn't paid corporate tax since 2010. Life is short. Live passionately.
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Rank: Member Joined: 3/20/2008 Posts: 503
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sparkly wrote:obiero wrote:News just in from the Exchange Bar, KQ to be exempt from payment of corporate tax You take exchange bar rumours too seriously Businesses in losses don't pay corporate tax. They carry forward losses to offset against future profits. In my estimation, KQ hasn't paid corporate tax since 2010.  sounds like financial accounting 101 lessons
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Rank: Member Joined: 8/6/2018 Posts: 299
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obiero wrote:News just in from the Exchange Bar, KQ to be exempt from payment of corporate tax I doubt. No entity, whether corporate or human being can be exempted from tax obligations under our current constitution. Any Exemption can be general but not this specific, Tax exemptions will have to be given to other competitors. even 100% government owned enterprises like GDC pay corporate tax. Even KDF canteens nowadays pay VAT
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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KaunganaDoDo wrote:obiero wrote:News just in from the Exchange Bar, KQ to be exempt from payment of corporate tax I doubt. No entity, whether corporate or human being can be exempted from tax obligations under our current constitution. Any Exemption can be general but not this specific, Tax exemptions will have to be given to other competitors. even 100% government owned enterprises like GDC pay corporate tax. Even KDF canteens nowadays pay VAT Many International, National and Charitable institutions are exempted. Diplomatic, Disabled and senior citizens are also exempted from tax. An exemption for KQ has to be passed by Parliament. Life is short. Live passionately.
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Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
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sparkly wrote:KaunganaDoDo wrote:obiero wrote:News just in from the Exchange Bar, KQ to be exempt from payment of corporate tax I doubt. No entity, whether corporate or human being can be exempted from tax obligations under our current constitution. Any Exemption can be general but not this specific, Tax exemptions will have to be given to other competitors. even 100% government owned enterprises like GDC pay corporate tax. Even KDF canteens nowadays pay VAT Many International, National and Charitable institutions are exempted. Diplomatic, Disabled and senior citizens are also exempted from tax. An exemption for KQ has to be passed by Parliament. KQ already enjoys tax exempt status on full engine import and related accessories.. Now we are going to seal the bleeding
KQ ABP 4.26
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Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
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xxxxx wrote:sparkly wrote:obiero wrote:News just in from the Exchange Bar, KQ to be exempt from payment of corporate tax You take exchange bar rumours too seriously Businesses in losses don't pay corporate tax. They carry forward losses to offset against future profits. In my estimation, KQ hasn't paid corporate tax since 2010. sounds like financial accounting 101 lessons There are things you cannot teach your father.. Of course KQ does not pay the tax currently but taking it out altogether puts it onto equal footing with Ethiopian
KQ ABP 4.26
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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obiero wrote:sparkly wrote:KaunganaDoDo wrote:obiero wrote:News just in from the Exchange Bar, KQ to be exempt from payment of corporate tax I doubt. No entity, whether corporate or human being can be exempted from tax obligations under our current constitution. Any Exemption can be general but not this specific, Tax exemptions will have to be given to other competitors. even 100% government owned enterprises like GDC pay corporate tax. Even KDF canteens nowadays pay VAT Many International, National and Charitable institutions are exempted. Diplomatic, Disabled and senior citizens are also exempted from tax. An exemption for KQ has to be passed by Parliament. KQ already enjoys tax exempt status on full engine import and related accessories.. Now we are going to seal the bleeding They also don't pay taxes on fuel, the food consumed aboard and the duty free merchandise sold to customers but that hasn't helped much. The problem is operations and finance costs, not taxation. Life is short. Live passionately.
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Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
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sparkly wrote:obiero wrote:sparkly wrote:KaunganaDoDo wrote:obiero wrote:News just in from the Exchange Bar, KQ to be exempt from payment of corporate tax I doubt. No entity, whether corporate or human being can be exempted from tax obligations under our current constitution. Any Exemption can be general but not this specific, Tax exemptions will have to be given to other competitors. even 100% government owned enterprises like GDC pay corporate tax. Even KDF canteens nowadays pay VAT Many International, National and Charitable institutions are exempted. Diplomatic, Disabled and senior citizens are also exempted from tax. An exemption for KQ has to be passed by Parliament. KQ already enjoys tax exempt status on full engine import and related accessories.. Now we are going to seal the bleeding They also don't pay taxes on fuel, the food consumed aboard and the duty free merchandise sold to customers but that hasn't helped much. The problem is operations and finance costs, not taxation. The tax on new plane purchases currently still stands with a B787 costing upto KES 25B.. Be serious!
KQ ABP 4.26
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:KaunganaDoDo wrote:obiero wrote:News just in from the Exchange Bar, KQ to be exempt from payment of corporate tax I doubt. No entity, whether corporate or human being can be exempted from tax obligations under our current constitution. Any Exemption can be general but not this specific, Tax exemptions will have to be given to other competitors. even 100% government owned enterprises like GDC pay corporate tax. Even KDF canteens nowadays pay VAT Many International, National and Charitable institutions are exempted. Diplomatic, Disabled and senior citizens are also exempted from tax. An exemption for KQ has to be passed by Parliament. KQ already enjoys tax exempt status on full engine import and related accessories.. Now we are going to seal the bleeding They also don't pay taxes on fuel, the food consumed aboard and the duty free merchandise sold to customers but that hasn't helped much. The problem is operations and finance costs, not taxation. The tax on new plane purchases currently still stands with a B787 costing upto KES 25B.. Be serious! KQ is zero-rated for VAT so they get a refund from KRA on the full VAT paid on planes. Life is short. Live passionately.
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Rank: Member Joined: 3/20/2008 Posts: 503
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obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:KaunganaDoDo wrote:obiero wrote:News just in from the Exchange Bar, KQ to be exempt from payment of corporate tax I doubt. No entity, whether corporate or human being can be exempted from tax obligations under our current constitution. Any Exemption can be general but not this specific, Tax exemptions will have to be given to other competitors. even 100% government owned enterprises like GDC pay corporate tax. Even KDF canteens nowadays pay VAT Many International, National and Charitable institutions are exempted. Diplomatic, Disabled and senior citizens are also exempted from tax. An exemption for KQ has to be passed by Parliament. KQ already enjoys tax exempt status on full engine import and related accessories.. Now we are going to seal the bleeding They also don't pay taxes on fuel, the food consumed aboard and the duty free merchandise sold to customers but that hasn't helped much. The problem is operations and finance costs, not taxation. The tax on new plane purchases currently still stands with a B787 costing upto KES 25B.. Be serious! If up to now @Obiero still believes KQs challenges will be addressed in any way by tax exemptions then this thread should be closed coz clearly, he's way in too deep.
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