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newfarer		#1431 Posted : Monday, May 01, 2017 8:51:11 PM
Rank: Elder Joined: 3/19/2010 Posts: 3,505 Location: Uganda		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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Flo-ology		#1432 Posted : Monday, May 01, 2017 9:51:48 PM
Rank: Member Joined: 12/17/2016 Posts: 225		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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Hobitke		#1433 Posted : Tuesday, May 02, 2017 7:19:39 AM
Rank: New-farer Joined: 5/22/2016 Posts: 69 Location: Nairobi		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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Gatheuzi		#1434 Posted : Tuesday, May 02, 2017 10:15:20 AM
Rank: Veteran Joined: 8/16/2009 Posts: 994		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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Spikes		#1435 Posted : Tuesday, May 02, 2017 10:18:33 AM
Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa		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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Ericsson		#1436 Posted : Tuesday, May 02, 2017 10:48:04 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		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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Angelica _ann		#1437 Posted : Tuesday, May 02, 2017 10:52:16 AM
Rank: Elder Joined: 12/7/2012 Posts: 11,935		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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maka		#1438 Posted : Tuesday, May 02, 2017 11:07:59 AM
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi		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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Angelica _ann		#1439 Posted : Tuesday, May 02, 2017 11:13:55 AM
Rank: Elder Joined: 12/7/2012 Posts: 11,935		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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alutacontinua		#1440 Posted : Wednesday, May 03, 2017 10:45:29 PM
Rank: Member Joined: 3/23/2011 Posts: 304		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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