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KRA finally granted complete access to bank accounts.
FRM2011
#41 Posted : Saturday, October 06, 2018 3:11:31 PM
Rank: Elder


Joined: 11/5/2010
Posts: 2,459
This is free advice to all Juakali guys. A client of mine is in deep trouble with KRA. He fired one of his staff in January and the separation was quite acrimonious. Almost got physical.

The ex-staff kept calling the old man over some 90K he insisted the company owed him but my client refused to negotiate.

Being a small company, the staff knows what goes on. Bank accounts, sales, profit, expenses e.t.c. He gave all this info to KRA. The taxman decided to conduct an audit for 5 years. The tax arrears being demanded is almost 10M. I have met those guys and it seems they are under extreme pressure to collect as much as they can.

Only way for my client to survive is to sell a property. And all because of 90K.

Right now it's either you play clean or run your financial matters with utmost secrecy.

To make matters worse, if the mzee pays say 5M, his ex-staff receives 250K. Kra has a whistle-blower reward scheme at 5%.
Lolest!
#42 Posted : Saturday, October 06, 2018 9:37:19 PM
Rank: Elder


Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
FRM2011 wrote:
This is free advice to all Juakali guys. A client of mine is in deep trouble with KRA. He fired one of his staff in January and the separation was quite acrimonious. Almost got physical.

The ex-staff kept calling the old man over some 90K he insisted the company owed him but my client refused to negotiate.

Being a small company, the staff knows what goes on. Bank accounts, sales, profit, expenses e.t.c. He gave all this info to KRA. The taxman decided to conduct an audit for 5 years. The tax arrears being demanded is almost 10M. I have met those guys and it seems they are under extreme pressure to collect as much as they can.

Only way for my client to survive is to sell a property. And all because of 90K.

Right now it's either you play clean or run your financial matters with utmost secrecy.

To make matters worse, if the mzee pays say 5M, his ex-staff receives 250K. Kra has a whistle-blower reward scheme at 5%.

Serves him well. I don't like people who rob their staff just because they can.

But KRA is not serious. I know organisations who don't pay VAT. KRA writes demand letters, guy starts paying kidogo then stops till the next time they'll remember him after 4 years

That's a company that has been in existence for over 25 years with about 30 staff
Laughing out loudly smile Applause d'oh! Sad Drool Liar Shame on you Pray
MugundaMan
#43 Posted : Sunday, October 07, 2018 4:10:03 AM
Rank: Elder


Joined: 1/8/2018
Posts: 2,211
Location: DC (Dustbowl County)
FRM2011 wrote:
This is free advice to all Juakali guys. A client of mine is in deep trouble with KRA. He fired one of his staff in January and the separation was quite acrimonious. Almost got physical.

The ex-staff kept calling the old man over some 90K he insisted the company owed him but my client refused to negotiate.

Being a small company, the staff knows what goes on. Bank accounts, sales, profit, expenses e.t.c. He gave all this info to KRA. The taxman decided to conduct an audit for 5 years. The tax arrears being demanded is almost 10M. I have met those guys and it seems they are under extreme pressure to collect as much as they can.

Only way for my client to survive is to sell a property. And all because of 90K.

Right now it's either you play clean or run your financial matters with utmost secrecy.

To make matters worse, if the mzee pays say 5M, his ex-staff receives 250K. Kra has a whistle-blower reward scheme at 5%.


Let that message go out loud and clear from the kiosks to the small businesses to the SMEs and to the biggest corporates! Playing clean, doing the right thing, avoiding corruption is the only way to sleep soundly at night in Kenya today! We are tired of looters, corruption mandarins and dishonest businesspeople!
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