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buy a strong home safe, since govt will tax deposits
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Impunity
#21 Posted : Saturday, September 29, 2018 12:03:29 AM
Rank: Elder


Joined: 3/2/2009
Posts: 26,328
Location: Masada
2012 wrote:
Dear Customer, In line with the Finance Act 2018, the Excise Duty payable on the fees charged for money transfer services and other fees charged by Banks has increased from 10% to 20% effective 1st July 2018. The Bank will collect the Excise Duty as from 1st July, 2018 and remit it to the Kenya Revenue Authority. For more information call us. Thank you.


Ok, I'm not calling them, don't want them to know I don't know.

Someone please explain this for me. I received the above sms from my bank. So they'll be taking my 20% of transaction fee for every transfer I make and withdrawals (Atm etc) ama? And these backdated to July 1st,they think they will rob it from whose account?


Tano TENA.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Ryko
#22 Posted : Saturday, September 29, 2018 5:46:28 PM
Rank: Member


Joined: 5/27/2016
Posts: 274
Location: Pub
2012 wrote:
Dear Customer, In line with the Finance Act 2018, the Excise Duty payable on the fees charged for money transfer services and other fees charged by Banks has increased from 10% to 20% effective 1st July 2018. The Bank will collect the Excise Duty as from 1st July, 2018 and remit it to the Kenya Revenue Authority. For more information call us. Thank you.


Ok, I'm not calling them, don't want them to know I don't know.

Someone please explain this for me. I received the above sms from my bank. So they'll be taking my 20% of transaction fee for every transfer I make and withdrawals (Atm etc) ama? And these backdated to July 1st,they think they will rob it from whose account?


Yes 20% of Bank Charges not 20% of Bank transfer. prepare for 30% Next financial year
I work so I can afford the amount of alcohol required to continue going to work
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mikanjoroge
#23 Posted : Thursday, March 21, 2019 7:18:42 AM
Rank: New-farer


Joined: 6/13/2016
Posts: 47
Location: kenya
As a stop gap measure, I thought, one could use a vault (safe deposit box) in a bank.
But after the Barclays bank saga, safe inside house is best option.
I think anyone importing or manufacturing safes is going to be very rich.
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mikanjoroge
#24 Posted : Monday, June 03, 2019 2:18:57 PM
Rank: New-farer


Joined: 6/13/2016
Posts: 47
Location: kenya
Hopefully no one followed my advice or used foreign currency or KSH 500 notes.
Didn't see this 1000ksh note withdrawal coming. Caught me by surprise.
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obiero
#25 Posted : Monday, June 03, 2019 5:54:22 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,515
Location: nairobi
mikanjoroge wrote:
Hopefully no one followed my advice or used foreign currency or KSH 500 notes.
Didn't see this 1000ksh note withdrawal coming. Caught me by surprise.


I doubt anyone did

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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