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Treasury Bills and Bonds
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Monk
#1331 Posted : Monday, February 24, 2020 6:19:44 AM
Rank: Member

Joined: 7/1/2009
Posts: 272
Has CBK started posting the 15% withholding Tax (WHT) on iTax? If not, and you declare interest earned from T/bills on your annual Income Tax return, how do you claim the WHT as a tax credit?
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Taurrus
#1332 Posted : Monday, February 24, 2020 11:59:54 AM
Rank: Member

Joined: 8/25/2015
Posts: 839
Location: Kite
Monk wrote:
Has CBK started posting the 15% withholding Tax (WHT) on iTax? If not, and you declare interest earned from T/bills on your annual Income Tax return, how do you claim the WHT as a tax credit?

Someone please help, need to know too.
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Chaka
#1333 Posted : Monday, February 24, 2020 4:18:24 PM
Rank: Elder

Joined: 2/16/2007
Posts: 2,114
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maka
#1334 Posted : Tuesday, February 25, 2020 8:46:34 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Chaka wrote:
https://www.businessdailyafrica.com/markets/marketnews/StanChart-eyes-investors-with-mobile-bonds-app/3815534-5459372-7s3fvi/index.html




Good progress .... I will give it a try just as I did with G- Kuze by Genghis which is crap TBH... Let's see how this goes.
possunt quia posse videntur
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Chaka
#1335 Posted : Tuesday, February 25, 2020 11:19:53 AM
Rank: Elder

Joined: 2/16/2007
Posts: 2,114
maka wrote:
Chaka wrote:
https://www.businessdailyafrica.com/markets/marketnews/StanChart-eyes-investors-with-mobile-bonds-app/3815534-5459372-7s3fvi/index.html




Good progress .... I will give it a try just as I did with G- Kuze by Genghis which is crap TBH... Let's see how this goes.


Do report back how it pans out..
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maka
#1336 Posted : Tuesday, February 25, 2020 11:55:10 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Chaka wrote:
maka wrote:
Chaka wrote:
https://www.businessdailyafrica.com/markets/marketnews/StanChart-eyes-investors-with-mobile-bonds-app/3815534-5459372-7s3fvi/index.html




Good progress .... I will give it a try just as I did with G- Kuze by Genghis which is crap TBH... Let's see how this goes.


Do report back how it pans out..


Sawa... Asked them some question on Social media whoever is handling this is clueless. Zero.
possunt quia posse videntur
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Aguytrying
#1337 Posted : Tuesday, February 25, 2020 6:29:31 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
Chaka wrote:
https://www.businessdailyafrica.com/markets/marketnews/StanChart-eyes-investors-with-mobile-bonds-app/3815534-5459372-7s3fvi/index.html



What do the gurus prefer, invest directly with CBK or through this stanchart bank / app?
The investor's chief problem - and even his worst enemy - is likely to be himself
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amorphous
#1338 Posted : Tuesday, February 25, 2020 6:31:54 PM
Rank: Member

Joined: 5/15/2019
Posts: 687
Location: planet earth
I registered for TMD
Very easy process. Do not waste your time printing and filling the form like I did. The real form is 3 pages long, not the single page they post online, so just go to CBK and fill it there. Does not take more than 10 minutes.
Within 3 hours I had received a text saying I'm registered.
Using their USSD I set my PIN and logged in.
Yes, you are able to see bonds and bills on offer.Have not traded any yet.
They send you nifty little alerts whenever each coupon payment hits your account (but as expected...the alerts come hours later in the evening, not realtime.) Those alerts only say bond FXD blah blah blah has paid a coupon to account with digits ending XYXZ.
You can also check your total portfolio balance.
And query a particular bond or bill you own.
Overall this is a wonderful service. CBK finally left the dark ages. Now they should link it to secondary trading eg I assume the SC service some of you are talking about above. You still need to go through an outside party to trade your bills or bonds.
Good luck to all.
In the final analysis, it all boils down to sheer plain old hard work and dogged persistence. Nothing more, nothing less!!
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  | | Edit by user: Tuesday, February 25, 2020 6:34 PM | Reason: Not specified
amorphous
#1339 Posted : Tuesday, February 25, 2020 6:36:45 PM
Rank: Member

Joined: 5/15/2019
Posts: 687
Location: planet earth
Taurrus wrote:
Monk wrote:
Has CBK started posting the 15% withholding Tax (WHT) on iTax? If not, and you declare interest earned from T/bills on your annual Income Tax return, how do you claim the WHT as a tax credit?

Someone please help, need to know too.


As with anything here dealing with KRA, it is hard to tell.
Technically the withholding tax is supposed to be a final tax. Especially if you are a non-resident.
My advice. Always get a TCC whether or not you file your bond income. That way you are covered each year if they lete nyoko nyoko.
In the final analysis, it all boils down to sheer plain old hard work and dogged persistence. Nothing more, nothing less!!
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Chaka
#1340 Posted : Tuesday, February 25, 2020 7:24:57 PM
Rank: Elder

Joined: 2/16/2007
Posts: 2,114
maka wrote:


Sawa... Asked them some question on Social media whoever is handling this is clueless. Zero.

What was the question( if you don't mind)?I could try get an answer via a pal working at Stanchart...
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  | | Edit by user: Tuesday, February 25, 2020 7:26 PM | Reason: Not specified
173 Pages«<132133134135136>»
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