Wazua
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Kenya Economy Watch
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Gatheuzi wrote:maka wrote:Giving credit where it's due...the governor has really tried controlling interest rates...it's actually unbelievable that rates have dropped across all tenors despite it being an election year... Seconded. Were it not for GOK binge borrowing, things could be even better.  possunt quia posse videntur
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Rank: Member Joined: 3/23/2011 Posts: 304
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http://www.businessdaily...7442-bdeov0z/index.html
April Inflation hits 11.48% vs. 10.28% last month while YoY Food Inflation hits 20.98% vs. 18.56% in March. What's crazier is that it looks like things could get worse... You dont have to be great to START but you have to start to be GREAT!!!!!!!!
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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alutacontinua wrote:http://www.businessdailyafrica.com/news/Inflation-food-costs-57-month-high-April/539546-3907442-bdeov0z/index.html
April Inflation hits 11.48% vs. 10.28% last month while YoY Food Inflation hits 20.98% vs. 18.56% in March. What's crazier is that it looks like things could get worse... Not to the ruling class. Good thing it is thick across board for majority of Kenyans. However remember waiting for the sky to fall  In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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alutacontinua wrote:http://www.businessdailyafrica.com/news/Inflation-food-costs-57-month-high-April/539546-3907442-bdeov0z/index.html
April Inflation hits 11.48% vs. 10.28% last month while YoY Food Inflation hits 20.98% vs. 18.56% in March. What's crazier is that it looks like things could get worse... These means that as investors,we should aim at investments returns of between 25%-30% per annum. Towards the goal of financial freedom
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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Ebenyo wrote:alutacontinua wrote:http://www.businessdailyafrica.com/news/Inflation-food-costs-57-month-high-April/539546-3907442-bdeov0z/index.html
April Inflation hits 11.48% vs. 10.28% last month while YoY Food Inflation hits 20.98% vs. 18.56% in March. What's crazier is that it looks like things could get worse... These means that as investors,we should aim at investments returns of between 25%-30% per annum. Yes but unfortunately inflation is at 11.48% your portfolio in the NSE is at -15% for example meaning your combined losses is at -26.48%. 30%++ is the target Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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Minimum wage increased by 18% Bonuses and overtime of sh.100k and below to be non - taxable Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 12/17/2016 Posts: 225
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Ericsson wrote:Minimum wage increased by 18%
Bonuses and overtime of sh.100k and below to be non - taxable
Monthly bonuses and overtime or annually? Reflection Eternal
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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Flo-ology wrote:Ericsson wrote:Minimum wage increased by 18%
Bonuses and overtime of sh.100k and below to be non - taxable
Monthly bonuses and overtime or annually? Monthly Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 3/19/2010 Posts: 3,504 Location: Uganda
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Ericsson wrote:Flo-ology wrote:Ericsson wrote:Minimum wage increased by 18%
Bonuses and overtime of sh.100k and below to be non - taxable
Monthly bonuses and overtime or annually? Monthly what if I convert my salo to bonus and over time? anything above 12k punda amecheka
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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Ericsson wrote:Minimum wage increased by 18%
Bonuses and overtime of sh.100k and below to be non - taxable
Stupid idea Bonus, overtime and other allowances should be taxed heavily since employers usually hide salaries as taxes. People's contracts in Inda are going to be revised, somebody will be earning a salary of 12K with 88K in allowances thus end up paying zero taxes If Obiero did it, Who Am I?
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Rank: Elder Joined: 3/19/2010 Posts: 3,504 Location: Uganda
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Swenani wrote:Ericsson wrote:Minimum wage increased by 18%
Bonuses and overtime of sh.100k and below to be non - taxable
Stupid idea Bonus, overtime and other allowances should be taxed heavily since employers usually hide salaries as taxes. People's contracts in Inda are going to be revised, somebody will be earning a salary of 12K with 88K in allowances thus end up paying zero taxes exactly punda amecheka
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Rank: Member Joined: 12/17/2016 Posts: 225
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Ericsson wrote:Flo-ology wrote:Ericsson wrote:Minimum wage increased by 18%
Bonuses and overtime of sh.100k and below to be non - taxable
Monthly bonuses and overtime or annually? Monthly Wow! That will be huge savings. Hope it is effected ASAP. Reflection Eternal
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Rank: New-farer Joined: 5/22/2016 Posts: 69 Location: Nairobi
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Ericsson wrote:Flo-ology wrote:Ericsson wrote:Minimum wage increased by 18%
Bonuses and overtime of sh.100k and below to be non - taxable
Monthly bonuses and overtime or annually? Monthly If the bonus is 110,000, will it be the 10,000 taxed or the 110,000 taxed?
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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Swenani wrote:Ericsson wrote:Minimum wage increased by 18%
Bonuses and overtime of sh.100k and below to be non - taxable
Stupid idea Bonus, overtime and other allowances should be taxed heavily since employers usually hide salaries as taxes. People's contracts in Inda are going to be revised, somebody will be earning a salary of 12K with 88K in allowances thus end up paying zero taxes Who are UK's advisors? Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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Swenani wrote:Ericsson wrote:Minimum wage increased by 18%
Bonuses and overtime of sh.100k and below to be non - taxable
Stupid idea Bonus, overtime and other allowances should be taxed heavily since employers usually hide salaries as taxes. People's contracts in Inda are going to be revised, somebody will be earning a salary of 12K with 88K in allowances thus end up paying zero taxes Wacha kiumane .In the next one year it'll hit KRA revenue collection by storm.A shocker as they likely collect 50% of the projections. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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Spikes wrote:Swenani wrote:Ericsson wrote:Minimum wage increased by 18%
Bonuses and overtime of sh.100k and below to be non - taxable
Stupid idea Bonus, overtime and other allowances should be taxed heavily since employers usually hide salaries as taxes. People's contracts in Inda are going to be revised, somebody will be earning a salary of 12K with 88K in allowances thus end up paying zero taxes Wacha kiumane .In the next one year it'll hit KRA revenue collection by storm.A shocker as they likely collect 50% of the projections. That is a proposal yet to be effected.It's waiting passage of the financing bill. And if it's passed effective date shall be January 1 2018 Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Ericsson wrote:Spikes wrote:Swenani wrote:Ericsson wrote:Minimum wage increased by 18%
Bonuses and overtime of sh.100k and below to be non - taxable
Stupid idea Bonus, overtime and other allowances should be taxed heavily since employers usually hide salaries as taxes. People's contracts in Inda are going to be revised, somebody will be earning a salary of 12K with 88K in allowances thus end up paying zero taxes Wacha kiumane .In the next one year it'll hit KRA revenue collection by storm.A shocker as they likely collect 50% of the projections. That is a proposal yet to be effected.It's waiting passage of the financing bill. And if it's passed effective date shall be January 1 2018 Income Tax Act is also currently under review!!! In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Gatheuzi wrote:Swenani wrote:Ericsson wrote:Minimum wage increased by 18%
Bonuses and overtime of sh.100k and below to be non - taxable
Stupid idea Bonus, overtime and other allowances should be taxed heavily since employers usually hide salaries as taxes. People's contracts in Inda are going to be revised, somebody will be earning a salary of 12K with 88K in allowances thus end up paying zero taxes Who are UK's advisors? MK...Duale...Jaguar.. Big Ted etc possunt quia posse videntur
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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maka wrote:Gatheuzi wrote:Swenani wrote:Ericsson wrote:Minimum wage increased by 18%
Bonuses and overtime of sh.100k and below to be non - taxable
Stupid idea Bonus, overtime and other allowances should be taxed heavily since employers usually hide salaries as taxes. People's contracts in Inda are going to be revised, somebody will be earning a salary of 12K with 88K in allowances thus end up paying zero taxes Who are UK's advisors? MK...Duale...Jaguar.. Big Ted etc Mama  In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Member Joined: 3/23/2011 Posts: 304
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http://www.businessdaily...2250-5agks5z/index.html
Found this article really intriguing... - 60% uptake of maize released from the Strategic Food Reserve which was released over a month ago. "Most millers have complained of high costs of transporting the commodity from NCPB depots in the North Rift to milling plants in other parts of the country." - GoK selling a bag of maize at Ksh. 3,000 yet prices in Eldoret have increased from Ksh. 3,200 to 3,800 while in Kisumu its at a shocking Ksh. 5,2000. - Treasury has also removed duty on imported maize for the next 4 months Despite all these measures by GoK prices "seem" to be heading North (sky is falling)...Drought has a major role but it's looking more like speculation is at play. You dont have to be great to START but you have to start to be GREAT!!!!!!!!
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