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VAT Bill - 2013

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dunkang		#31 Posted : Wednesday, September 04, 2013 2:44:38 PM
Rank: Elder Joined: 6/2/2011 Posts: 4,824 Location: -1.2107, 36.8831		Ali Baba wrote: I will not lie to you guys....the only solution to this is to evade more income taxes ....so as to finance this VAT increase .. Actually for me, i view income tax as anti-development and discriminate especially the P.A.Y.E. Receive with simplicity everything that happens to you.” ― Rashi
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King G		#32 Posted : Wednesday, September 04, 2013 6:57:54 PM
Rank: Elder Joined: 6/20/2012 Posts: 3,855 Location: Othumo		Kweli kweli this thing is real. Leo nimeingia super na 2k. Almost got embarrased at the counter na hata hakuna kitu muhimu nimenunua. Thieves
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sparkly		#33 Posted : Wednesday, September 04, 2013 7:41:09 PM
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi		Rankaz13 wrote: the deal wrote: They should introduce a Ksh2000 note then..heck Ksh1000 is nothing this days... The most practical would be to re-denominate the currency by knocking off the zero in 1000 so that it becomes 100. How many will agree for their employers to knock off some zeros from their payslip? SMH. Life is short. Live passionately.
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nostoppingthis		#34 Posted : Wednesday, September 04, 2013 9:20:46 PM
Rank: Chief Joined: 8/24/2009 Posts: 5,909 Location: Nairobi		MKWASI wrote: nostoppingthis wrote: King G wrote: FundamentAli wrote: Why are the prices going up by a straight 16%+? I thought prices would adjust by 5 - 10%. Weren't this suppliers claiming back any VAT from KRA when these commodities were zero rated? How is this factored in within the new tax regime? Accept, pay and move on. Let us support the gavament! They need the money to implement the promises!!! commodity prices hazina tyranny of numbers Irrespective whether you voted for the promises or not...you have to pay. Developments are not funded from the air....they have to be financed!! and who else to finance it... Where was the opposition when this VAT Act was passed ama walikuwa kortini!! Tyranny is also in the legislature, na ujue opposition have been told to "Shut up!"
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GGK		#35 Posted : Wednesday, September 04, 2013 9:23:41 PM
Rank: Member Joined: 11/21/2006 Posts: 608 Location: Ruiru		this VAT thing will subside in due course. As usual, when something like this happens, shocks do occur but later sanity will prevail as things stabilizes. my question, if Uchumi & CornerShop both buy milk from Brookside @40/= to sell @45/=. Uchumi will remit to GoK 16% of 5/= "value added" , CornerShop won't remit .... why would they sell the milk at the same price? "..I am because we are. "― Ubuntu, Umtu,
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josimar		#36 Posted : Thursday, September 05, 2013 12:18:17 PM
Rank: Member Joined: 7/6/2010 Posts: 242		How does or How can the mwananchi make the government account for all taxes collected in the country and ensure they are spent effectively? My fear is that taxation may be one of the easiest ways to steal from citizens if not well accounted for.
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Lolest!		#37 Posted : Thursday, September 05, 2013 1:30:19 PM
Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma		GGK wrote: my question, if Uchumi & CornerShop both buy milk from Brookside @40/= to sell @45/=. Uchumi will remit to GoK 16% of 5/= "value added" , CornerShop won't remit .... why would they sell the milk at the same price? Brookside should also charge 16% VAT. Each business in the line will do a VAT analysis showing the input(purchases) versus output(sales). If output exceeds input, the difference is paid to KRA
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murchr		#38 Posted : Thursday, September 05, 2013 2:19:19 PM
Rank: Elder Joined: 2/26/2012 Posts: 15,980		Na bado Kidero has unleashed his rates...i told u Nrb will be very expensive to live "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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Euge		#39 Posted : Thursday, September 05, 2013 4:06:19 PM
Rank: Elder Joined: 8/4/2008 Posts: 2,849 Location: Rupi		We accept and move on. Ama turudi machinani. Lord, thank you!
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MKWASI		#40 Posted : Thursday, September 05, 2013 4:37:09 PM
Rank: Member Joined: 4/20/2012 Posts: 888		murchr wrote: Na bado Kidero has unleashed his rates...i told u Nrb will be very expensive to live Everybody who wanted to increase but feared backlash from consumers has taken advantage of the VAT bill to increase their services...that is how inflation is fueled.
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