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Local Agri-business and the UK remittances to Kenya.
Eng. Kamau
#1 Posted : Thursday, June 23, 2016 1:18:46 PM
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Joined: 12/14/2010
Posts: 30
Are uk remittances to Kenya taxable and if taxable, what is the percentage tax on the remittances and on local Agri-business especially the seasonal crops?
Precise, verified and certified details.
Realtreaty
#2 Posted : Thursday, June 23, 2016 2:20:32 PM
Rank: Elder


Joined: 8/16/2011
Posts: 2,357
Eng. Kamau wrote:
Are uk remittances to Kenya taxable and if taxable, what is the percentage tax on the remittances and on local Agri-business especially the seasonal crops?


Expound on what you mean by remittances as we understand it as to mean Money taxed by UK govt while being sent to Kenya but you never said by who or who takes the taxes!!!
Kenya does not tax money flowing to its country as doing so it will discourage Kenyans sending money home and instead they will spend and invest it in UK as a haven. The Govt only benefits as the money is used in Kenya thereby increasing govt revenue from VAT side and employing other people as well as building Kenya
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