My eyes sees the best in people,my heart forgives the worst, my mind forgets the worst and i have a soul that never loose faith in God.
Kirinyaga/Kenya
Joined March 2010
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Alex MM™ retweeted
Emiliano Dibu Martínez has saved 8 goals in one match. If not, Argentina 🇦🇷 would have conceded more goals than France 🇫🇷.
I dont understand why Landlords have to charge for repainting their house after you have vacanted...ama ni design ya kula deposit
Dear you people,
We are on our own!! No one seems to care! Same monkeys, same forest just different hunting styles. The common enemy is poverty
Alex MM™ retweeted
Hii story ya Mutahi Kagwe na Lee Kinyanjui imefanya niamini we can never beat the political class. They are from the same clan
Alex MM™ retweeted
MAJOR development - The government has announced that starting Dec 25th, 2024 ALL pay bills will be deemed to be virtual electronic tax receipt systems in a bid to widen the tax base.
Senior Economic Advisor, Moses Kuria, says this decision has been arrived at at the disparity between KRA registered ETRs & >2.0M digital payment touch points across the country. He says KRA is aligned.
Musings:
· What does this mean for Sec23 of the Tax Procedures Act & Sec16c of the Income Tax Act?
· I presume it means, by extension, that evidence of mobile money payments will also be deemed as good as an eTIMS receipt & therefore be admissible for income tax deductible purposes
· Go to the MTRS & read about integration of tax systems with 3rd party systems
· See the quoted tweet here. There's a lot more in the pipeline
Treasury CS, John Mbadi, says he will be working closely with KRA in November to address a few issues:
· He says iTax needs an overhaul (see quoted tweet from a week ago when National Treasury, KRA & the Council of Economic Advisors met)
· He says iCMS needs an overhaul, too much revenue leakage
· He says KRA's budget for 2025/26 to be increased 30.0% to boost staff welfare (that's quite a staggering increase)
· He says Kenya needs to address gaps in collection of rental income tax. GOK data shows it can rake in Kes 100.0 billion annually. Interesting, no?
· He says there are significant gaps in income tax visibility among professional services (lawyers, doctors)
· He says the target is to realise a balanced budget in 2027/28