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Capital Gains Tax set at 0.3% of transaction value
VituVingiSana
#31 Posted : Sunday, June 14, 2015 8:25:46 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
So what happens to those who have already sold shares between 1 Jan - 11 Jun?
When do the new tax rule [0.3%] come into operation?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
mlennyma
#32 Posted : Friday, December 18, 2015 3:08:28 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Did i hear right all this taxes will die a natural death this month? ?whats the impact on January if it's true!!!!,come bull come!!!!
"Don't let the fear of losing be greater than the excitement of winning."
1masha
#33 Posted : Thursday, June 23, 2016 1:05:32 PM
Rank: New-farer

Joined: 2/28/2014
Posts: 42
mlennyma wrote:
Did i hear right all this taxes will die a natural death this month? ?whats the impact on January if it's true!!!!,come bull come!!!!


Thought so too, but shock on me as I try to make a payment request. My broker tells me:
Quote:
Kindly note you will be required to fill in the attached payment request form as well as the attached capital gains tax form for all the sale transactions done in 2015.

Quote:
Please note for all the sales done in 2015, you will be required to calculate CGT with 5% of the gains . 0.3% withholding tax was implemented as from January 2016.

Good judgement is often the result of experience. Experience is often the result of bad judgement - Mark Twain.
FisiLette
#34 Posted : Thursday, June 23, 2016 4:31:50 PM
Rank: Hello

Joined: 6/17/2016
Posts: 4
Location: Nairobi
mlennyma wrote:
Iam still not happy,it should be 0.3% of the gain,how can you tax my capital??

Capital gains tax is what is levied on profit made from the sale.
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