NEWCOMER.....If u do what AMATHENGE is telling u,its good for your business.But KRA will come calling and they will use your own sword (documents) to crucify you.Prepare two sets of books .....one for you and one for KRA,then keep your mouth shut.Why pay tax while Kibaki and his corrupt goons are not paying? Don't pay,keep money in your pocket.




Ali Baba

Putting your plan on paper? How dissappointing! Would have thought you are going to key in your plan into your computer - after all,you will be selling computers. So what better way to market than using one all the time?

@Ali Baba;

It is shocking that you can publicly advise some one not to pay taxes.

True,MPs are not paying their fair share and some ministers are busy stealing the little that the rest of us pay; however,that should never be a reason for anyone to refuse to pay their share.

Remember,TWO WRONGS DON'T MAKE A RIGHT

@Newcomer; if you want to have a stress-free business that you will be proud of all your life,keep ONE set of accounts. Record all your sales and expenses...don't inflate expenses...and every three months walk to KRA and pay the necessary taxes.

BTW; since you are going to be a private trader,you will qualify for TURNOVER TAX,but check your margins carefully before signing up...you might end up paying higher than normal income tax.

If in doubt about taxes,visit your nearest KRA office and attend their public (FREE) seminars.

Behind the gardens...Behind the wall...Under the tree (Including: Red...Dark Blue...Yellow)

@PM,I have checked your profile and cannot see your Email.
ws_odysseus@yahoo.com

@Chaka;

Taxes are not based on people's expenses; they are based on INCOME.

So,when you say 'just enough to survive i.e buy food,pay rent and utilities' you are looking at the wrong side of the equation!!

The question is not his expenses,but his income.

And if he makes a profit of less than Sh11,620,he will be effectively exempt from paying income tax....because of the automatic 'Personal Relief' given to all individual tax payers

In any case; if you are employed,PAYEE is deducted before the money goes to your account....and you have to survive on the after tax payment.

There is no excuse for evading tax!!!

Behind the gardens...Behind the wall...Under the tree (Including: Red...Dark Blue...Yellow)

@aemathenge,thanks,I also smelt a rat here. I have received many emails of this type promising me a share of stolen money from banks and inheritance from rich parents. The said benefactors only want my bank account details and will wire the cash. I here that if I make a mistake of giving the details,the con men have the ability to dig into my bank account or credit cards. Could I be encountering one right here at SK.

I already have two orders that I should deliver by Tuesday next week if I can secure the correct machines.

I am quite ignorant on the corporate tax policies and I am following the discussion with a lot of interest. I have a lot of fear for KRA though, I doubt whether I can dare joke with them,but I would really love to learn as much as possible strategies for avoiding and reducing tax payable.

NEWCOMER.....Like I told you before,tax is for employed people.If MPigs and Kibaki are not paying tax,why pay??Evade the tax.....and be careful.

Ali Baba

MUKIHA....Why are you so proud in paying taxes? The last time I paid is a long time ago.I hate paying just like our MPigs.

Ali Baba

@Ali Baba;

Why shouldn't I? It's my duty!!

Behind the gardens...Behind the wall...Under the tree (Including: Red...Dark Blue...Yellow)

@ newcomer you may also seek company of an accountant - tax expert. A good one will show you how to reduce tax to the lowest level posible. Avoid those ones adviving you to overpay yourself. In business you are allowed to make tax deductions after meeting expenses,and what if these expenses go to increase your income in future,along those lines.