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hello
#1 Posted : Thursday, July 29, 2010 12:27:35 PM
Rank: Member


Joined: 6/11/2008
Posts: 257
Hi Guys,

Is there any tax on captial gain and what percentage with holding tax do we pay on dividends ? (individual)

I want to be a millionaire.
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mukiha
#2 Posted : Thursday, July 29, 2010 10:51:59 PM
Rank: Elder


Joined: 6/27/2008
Posts: 4,114
No capital gains tax in Kenya.

Withholding tax on dividends = 15%
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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PKoli
#3 Posted : Thursday, July 29, 2010 11:11:25 PM
Rank: Elder


Joined: 2/10/2007
Posts: 1,587
@Mukiha,

Tax on dividends is 5% not 15%
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guru267
#4 Posted : Thursday, July 29, 2010 11:37:59 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
mukiha wrote:
No capital gains tax in kenya

i wonder how long the honeymoon will last??
Mark 12:29
Deuteronomy 4:16
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PKoli
#5 Posted : Thursday, July 29, 2010 11:57:33 PM
Rank: Elder


Joined: 2/10/2007
Posts: 1,587
@Guru,

It should last for a while. There is no capital gain tax in USE, however withholding tax on dividends are huge! 15%
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