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10% levy on financial services
mwekez@ji
#21 Posted : Tuesday, August 06, 2013 2:42:05 AM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
Don't panic over 10% new tax, NBK says

According to a National Bank manager, the new tax will only affect transaction charges and ATMs fees. Interest charges on loans will not be affected.
peappeng
#22 Posted : Tuesday, August 06, 2013 3:55:15 PM
Rank: New-farer


Joined: 7/30/2013
Posts: 28
Impunity wrote:
Ngong wrote:
For those of us who are slow,I go withdraw cash at the ATM,the bank charges me Kshs. 30.
Now from Aug this will be Kshs. 33? ama?


Ditto and including Mpesa transactions!!!


Out of curiosity will the charges also include the banks agencies since their charges are already higher than withdrawing at the banks ATMS?Think
theking
#23 Posted : Tuesday, August 06, 2013 4:19:39 PM
Rank: Member


Joined: 1/25/2010
Posts: 344
peappeng wrote:
Impunity wrote:
Ngong wrote:
For those of us who are slow,I go withdraw cash at the ATM,the bank charges me Kshs. 30.
Now from Aug this will be Kshs. 33? ama?


Ditto and including Mpesa transactions!!!


Out of curiosity will the charges also include the banks agencies since their charges are already higher than withdrawing at the banks ATMS?Think


ALL bank charges, even the fees agents charge will be affected.
FYI Safaricom already effected the 10% tax way back, that's y their charges are 33,55,66,110 etc
peappeng
#24 Posted : Tuesday, August 06, 2013 4:30:15 PM
Rank: New-farer


Joined: 7/30/2013
Posts: 28
theking wrote:
peappeng wrote:
Impunity wrote:
Ngong wrote:
For those of us who are slow,I go withdraw cash at the ATM,the bank charges me Kshs. 30.
Now from Aug this will be Kshs. 33? ama?


Ditto and including Mpesa transactions!!!


Out of curiosity will the charges also include the banks agencies since their charges are already higher than withdrawing at the banks ATMS?Think


ALL bank charges, even the fees agents charge will be affected.
FYI Safaricom already effected the 10% tax way back, that's y their charges are 33,55,66,110 etc

That's too bad for the agents especially once the customers learn of the charges they'll prefer to queue in the banks ATMS than to pay KSH 5-20 more.
Plus those charges will be alittle bit higher for the common mwananchi. However, at the end of the day, we'll get used to it and move on as if it never happened.
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