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Does Finance bill introduce Capital gains tax?
gatoho
#1 Posted : Monday, October 08, 2012 3:48:24 AM
Rank: Member

Joined: 1/1/2010
Posts: 518
Location: kandara, Murang'a
The mining industry will also pay more taxes after the House allowed Kenya Revenue Authority to tax proceeds from the sale of property or shares, more so for oil companies, or other firms involved in mining or mineral prospecting.

is this Capital gains or whats the exact meaning?
Foresight..
mlennyma
#2 Posted : Monday, October 08, 2012 6:15:47 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
I have spotted a 200bob stamp duty whenever i buy shares but its claimed to be refundable may be it will snick non refundable soon.
"Don't let the fear of losing be greater than the excitement of winning."
ChessMaster
#3 Posted : Monday, October 08, 2012 5:05:07 PM
Rank: Elder

Joined: 2/23/2009
Posts: 1,626
Mlennyma,so true. I'm wondering how the government will address the landlords who haven't been paying tax. Could they really start claiming people's properties?
Uncertainty is certain.Let go
King G
#4 Posted : Tuesday, October 09, 2012 8:27:05 AM
Rank: Elder

Joined: 6/20/2012
Posts: 3,855
Location: Othumo
Suntra on their Tangaza trading platform has been charging me Kshs. 200 bob for every order placed regardless of amount or bu/sell. but eventually when the transaction goes through, it has always been reversed. probably they were still testing and are now ready to pounce once the finance bill is signed into law.

now charges will be from atm withdrawal to nse to internet; money for campaigns, thieves!
Thieves
guru267
#5 Posted : Tuesday, October 09, 2012 8:35:40 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
King G wrote:
now charges will be from atm withdrawal to nse to internet; money for campaigns, thieves!


A good example of a foolish statement!
Mark 12:29
Deuteronomy 4:16
King G
#6 Posted : Tuesday, October 09, 2012 8:51:44 AM
Rank: Elder

Joined: 6/20/2012
Posts: 3,855
Location: Othumo
guru267 wrote:
King G wrote:
now charges will be from atm withdrawal to nse to internet; money for campaigns, thieves!


A good example of a foolish statement!


Matusi nayo, but i know i am right, it will finance the retirement package of rais, pm, vp, mps et al, and what do they need it for. who is fooling who?
Thieves
VituVingiSana
#7 Posted : Tuesday, October 09, 2012 9:02:18 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,380
Location: Nairobi
King G wrote:
guru267 wrote:
King G wrote:
now charges will be from atm withdrawal to nse to internet; money for campaigns, thieves!

A good example of a foolish statement!

Matusi nayo, but i know i am right, it will finance the retirement package of rais, pm, vp, mps et al, and what do they need it for. who is fooling who?
@KingG Tuko Pamoja. Hawa ni wizi.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
StatMeister
#8 Posted : Tuesday, October 09, 2012 9:17:14 AM
Rank: Veteran

Joined: 5/23/2010
Posts: 868
Location: La Islas Galápagos
VituVingiSana wrote:
King G wrote:
guru267 wrote:
King G wrote:
now charges will be from atm withdrawal to nse to internet; money for campaigns, thieves!

A good example of a foolish statement!

Matusi nayo, but i know i am right, it will finance the retirement package of rais, pm, vp, mps et al, and what do they need it for. who is fooling who?
@KingG Tuko Pamoja. Hawa ni wizi.


This is what they do if they cannot operate pyramid schemes?
A bad day fishing is better than a good day at work
mlennyma
#9 Posted : Tuesday, October 09, 2012 9:34:04 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
@king G i too support your sediments and think you dont deserve the bashing"foolish"is a harsh word which civilized men rarely use.
"Don't let the fear of losing be greater than the excitement of winning."
2012
#10 Posted : Tuesday, October 09, 2012 9:38:31 AM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
ChessMaster wrote:
Mlennyma,so true. I'm wondering how the government will address the landlords who haven't been paying tax. Could they really start claiming people's properties?


Kwani they are backdating?

BBI will solve it
:)
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