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Budget 2015/16 2.1Trillion Kshs
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#31 Posted : Saturday, June 13, 2015 7:56:43 PM
Rank: Elder

Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
Gordon Gekko wrote:
12% of gross rent.

That means no expenses will be allowed. If that's the case then landlords will have no incentive to maintain their properties as maintenance costs will not be deductible expenses.

Or is it 12% of net rent?

there is already 16% VAT on rent &service charge for commercial property. This is passed on to tenants. I bet govt is looking to tax landlords direct for gross total rent exclusive of VAT

If this is the case, the rent so taxed should not be included in taxable income for corporate tax purposes
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Lolest!
#32 Posted : Saturday, June 13, 2015 7:58:29 PM
Rank: Elder

Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
Rankaz13 wrote:
washiku wrote:
What angers me most are the departments/Ministries that returns money to treasury because for a whole year they didn't implement the projects that had been earmarked for a specific year. For every coin that is returned on such ground, it means delayed development. More suffering for wananchi's who couldn't access medicine, markets(eg coz of poor roads), education etc. In the same year that we failed to implement projects, China implements five times more of the same. Then we come around and wonder why we are still poor.


Part of the problem lies in delayed disbursements at the beginning of the financial year. Ordinarily, very few if any gov't dep'ts are lucky to see any money before September, a whole three months into the financial year. That's why there's always a rush to spent around May as the financial year draws to a close.

Also, incomplete projects
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muganda
#33 Posted : Monday, June 22, 2015 4:11:02 PM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
Could come in handy. Entire budget speech read on 11-Jun-2015
http://mygov.go.ke/file/2015/06...-Statement-2015-2016.pdf
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pops
#34 Posted : Monday, June 22, 2015 10:18:58 PM
Rank: Member

Joined: 9/13/2006
Posts: 123
If we omit the jargon, this budget is geared towards raising funds for election campaigning in 2017. Most the funds to be raised are for infrastructure projects that seem to be costing a lot more than normal. I.e. SGR. There are some which into billions have been guzzled and there is nothing to show for it I.e. Konza city and galana irrigation project. Add onto that corruption at county level, and removing Ceilings on mp salaries. The level of greed continues to amaze me. I wish all those stealing choke on this ill gotten wealth at the expense of poor Kenyans!!!
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muganda
#35 Posted : Tuesday, June 30, 2015 3:31:01 PM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
So teachers have won a hefty award of 50-60% for a period of 4 years. Has this rendered the budget untenable? Don't teachers already make up 7.5% of our budget?

The story on the left is how it ends. The story on the right is how it begins
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murchr
#36 Posted : Thursday, August 06, 2015 10:21:18 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Business Daily wrote:
The Central Bank of Kenya (CBK) has differed with the Treasury on the proposed increase of commercial bank core capital to Sh5 billion, saying it would lead to rushed consolidations and make big banks more dominant.

Patrick Njoroge, the CBK governor, told Parliament to stop the proposed increase of bank capital from Sh1 billion to Sh5 billion in the next three years and instead push for smart regulation of banks.


http://www.businessdaily...6/-/jwxhioz/-/index.html
"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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