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Taxman now pursuing athletes...
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vinii
#1 Posted : Thursday, September 27, 2012 8:45:32 AM
Rank: Elder

Joined: 10/14/2009
Posts: 2,057
According to Isiah Kiplagat, KRA is demanding 12.8m and 50m from two top athletes..the taxes have been assessed on the proceeds of their races abroad...
If you are an eagle don't hang around with chickens; chickens don't fly....
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masukuma
#2 Posted : Thursday, September 27, 2012 8:53:30 AM
Rank: Elder

Joined: 10/4/2006
Posts: 13,823
Location: Nairobi
vinii wrote:
According to Isiah Kiplagat, KRA is demanding 12.8m and 50m from two top athletes..the taxes have been assessed on the proceeds of their races abroad...

the taxman cometh!
All Mushrooms are edible! Some Mushroom are only edible ONCE!
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Kaigangio
#3 Posted : Thursday, September 27, 2012 9:23:25 AM
Rank: Elder

Joined: 2/27/2007
Posts: 2,768
...they will only be 30% poorer.Sad Sad
...besides, the presence of a safe alone does not signify that there is money inside...
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Impunity
#4 Posted : Thursday, September 27, 2012 9:25:24 AM
Rank: Elder

Joined: 3/2/2009
Posts: 26,333
Location: Masada
vinii wrote:
According to Isiah Kiplagat, KRA is demanding 12.8m and 50m from two top athletes..the taxes have been assessed on the proceeds of their races abroad...


Placing the tax at 30%, these so called top athletes earned 41.6M and 166.6M respectively for the said period.
Wowest!
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Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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2012
#5 Posted : Thursday, September 27, 2012 9:29:33 AM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
vinii wrote:
According to Isiah Kiplagat, KRA is demanding 12.8m and 50m from two top athletes..the taxes have been assessed on the proceeds of their races abroad...


Can you be taxed for income earned for income earned outside the country that is not tied to export? What if the athletes decide to open accounts abroad and lave the money there?

BBI will solve it :)
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McReggae
#6 Posted : Thursday, September 27, 2012 9:31:48 AM
Rank: Elder

Joined: 6/17/2008
Posts: 23,365
Location: Nairobi
2012 wrote:
vinii wrote:
According to Isiah Kiplagat, KRA is demanding 12.8m and 50m from two top athletes..the taxes have been assessed on the proceeds of their races abroad...


Can you be taxed for income earned for income earned outside the country that is not tied to export? What if the athletes decide to open accounts abroad and lave the money there?


You must pay tax, unless you can proove that you paid the tax where you earned the money!!!!
..."Wewe ni mtu mdogo sana....na mwenye amekuandika pia ni mtu mdogo sana!".
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Kaigangio
#7 Posted : Thursday, September 27, 2012 9:33:33 AM
Rank: Elder

Joined: 2/27/2007
Posts: 2,768
...Might Trizza Njeri Wanjiru, the wife of late world marathon champion be in trouble...the late athlete had made something close to kshs 1 billion by the time he was bidding the world bye bye and i believe all records are still intact.

Tax to the tune of kshs 300m will surely make her bleed if not sweating that thin sweat...
...besides, the presence of a safe alone does not signify that there is money inside...
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kangi
#8 Posted : Thursday, September 27, 2012 9:38:34 AM
Rank: Member

Joined: 7/23/2009
Posts: 526
I think the athletes satisfy the requirements of resident status as per section 5 (1)(a) of the Income tax act, and besides the constitution provides that no one is exempt from paying tax. Remember the MPs debate on paying taxes?

I do sympathise with them as they really work hard to win those accolades and prize money, so do the rest of us. Lazima waalimu walipwe, ama pesa zitatoka wapi?
Accept no one's definition of your life; define your life.
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  | | Edit by user: Thursday, September 27, 2012 9:47 AM | Reason: Not specified
sitaki.kujulikana
#9 Posted : Thursday, September 27, 2012 9:45:42 AM
Rank: Veteran

Joined: 8/25/2012
Posts: 1,826
Kaigangio wrote:
...Might Trizza Njeri Wanjiru, the wife of late world marathon champion be in trouble...the late athlete had made something close to kshs 1 billion by the time he was bidding the world bye bye and i believe all records are still intact.

Tax to the tune of kshs 300m will surely make her bleed if not sweating that thin sweat...


The individual who earned the money is dead - how can they tax the wife for an income she never made.
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kangi
#10 Posted : Thursday, September 27, 2012 9:54:27 AM
Rank: Member

Joined: 7/23/2009
Posts: 526
sitaki.kujulikana wrote:
Kaigangio wrote:
...Might Trizza Njeri Wanjiru, the wife of late world marathon champion be in trouble...the late athlete had made something close to kshs 1 billion by the time he was bidding the world bye bye and i believe all records are still intact.

Tax to the tune of kshs 300m will surely make her bleed if not sweating that thin sweat...


The individual who earned the money is dead - how can they tax the wife for an income she never made.


As the administrator of the estate she is supposed to file on his behalf as well as file the income she has been receiving on his estate. There is also inheritance tax to contend with if she passes the property to the kids as their guardian, though I stand to be corrected.
Accept no one's definition of your life; define your life.
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