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Kenya Economy Watch
Rank: Elder Joined: 3/19/2010 Posts: 3,504 Location: Uganda
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mwekez@ji wrote:Country needs money to develop ... Tell us, what is the rate of taxation in the country you wonna run to? ok we are always being told that one third of what is collected goes to waste. shouldn't the kra and treasury make better use of this instead of asking for more? punda amecheka
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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newfarer wrote:mwekez@ji wrote:Country needs money to develop ... Tell us, what is the rate of taxation in the country you wonna run to? ok we are always being told that one third of what is collected goes to waste. shouldn't the kra and treasury make better use of this instead of asking for more? Come on!!! A third??? You must be living in moi era!!! That said, good use of the resources is very important and we have seen the recent and current government putting a lot of effort to achieve this. Its a tough journey but the country has made good steps. The country now needs to take off. What is wrong in it asking us to contribute a little more
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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mkeiyd wrote:murchr wrote:
Walipe alafu warudishiwe
Is there such plan/mechanism? How will it work? How do you identify and reach millions of farmers scattered throughout Kenya? The cost? Inaitwa tax rebates works perfectly elsewhere in the world. Farmers pay taxes but upon proving that indeed they are farmers they get the taxes back, this ensures many if not all citizen pay their taxes. On how every farmer can be reached. Never doubt the govt kwani haukuhesabiwa kwa censors? Remember you filled in info of how many chickens you have? What is that data for? Anyway, can work perfectly even for the jua kali sector if implemented. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore .
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Rank: Veteran Joined: 3/26/2012 Posts: 1,182
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murchr wrote:mkeiyd wrote:murchr wrote:
Walipe alafu warudishiwe
Is there such plan/mechanism? How will it work? How do you identify and reach millions of farmers scattered throughout Kenya? The cost? Inaitwa tax rebates works perfectly elsewhere in the world. Farmers pay taxes but upon proving that indeed they are farmers they get the taxes back, this ensures many if not all citizen pay their taxes. On how every farmer can be reached. Never doubt the govt kwani haukuhesabiwa kwa censors? Remember you filled in info of how many chickens you have? What is that data for? Anyway, can work perfectly even for the jua kali sector if implemented. Fourth tenet is that the tax should be collected inexpensively both to the taxpayer and the governmentAt what cost in our uniquely Kenyan environment will the plan work? Its Kenya we are talking about here. A Kenyan farmer [small scale] is not like the American or Australian farmer in all aspects. How many small scale farmers have PIN? Most traders in the rural areas don't have ETR,how will farmers prove their reciepts are not River Rd-printed? I have many questions but it would help if you explain in NO UNCERTAIN terms how the system can/will work in Kenya and be cost-effective & fair to each and every farmer. For me,it is better to zero rate farm inputs more so fertilizer and pesticides.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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mkeiyd wrote:murchr wrote:mkeiyd wrote:murchr wrote:
Walipe alafu warudishiwe
Is there such plan/mechanism? How will it work? How do you identify and reach millions of farmers scattered throughout Kenya? The cost? Inaitwa tax rebates works perfectly elsewhere in the world. Farmers pay taxes but upon proving that indeed they are farmers they get the taxes back, this ensures many if not all citizen pay their taxes. On how every farmer can be reached. Never doubt the govt kwani haukuhesabiwa kwa censors? Remember you filled in info of how many chickens you have? What is that data for? Anyway, can work perfectly even for the jua kali sector if implemented. Fourth tenet is that the tax should be collected inexpensively both to the taxpayer and the governmentAt what cost in our uniquely Kenyan environment will the plan work? Its Kenya we are talking about here. A Kenyan farmer [small scale] is not like the American or Australian farmer in all aspects. How many small scale farmers have PIN? Most traders in the rural areas don't have ETR,how will farmers prove their reciepts are not River Rd-printed? I have many questions but it would help if you explain in NO UNCERTAIN terms how the system can/will work in Kenya and be cost-effective & fair to each and every farmer. For me,it is better to zero rate farm inputs more so fertilizer and pesticides. ETR for what? If they have an ID why not pin? Why do we make excuses for incompetence? "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore .
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Rank: Veteran Joined: 3/26/2012 Posts: 1,182
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murchr wrote: ETR for what? If they have an ID why not pin? Why do we make excuses for incompetence?
How do you suggest they [farmers] will prove their receipts are genuine without ETR? Are you saying everyone who has ID has PIN? Really? FACT/REALITY is, most farmers don't have PINs and that's my friend is fault of no mine. Back to my question. Explain in NO UNCERTAIN terms how the system can/will work in Kenya and be cost-effective & fair to each and every farmer.
From a farmer making a purchase to the point of getting their rebate. Explaining should be easier than implementing. If explaining is hard, then ni kufyam!
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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mkeiyd wrote:murchr wrote: ETR for what? If they have an ID why not pin? Why do we make excuses for incompetence?
How do you suggest they [farmers] will prove their receipts are genuine without ETR? Are you saying everyone who has ID has PIN? Really? FACT/REALITY is, most farmers don't have PINs and that's my friend is fault of no mine. Back to my question. Explain in NO UNCERTAIN terms how the system can/will work in Kenya and be cost-effective & fair to each and every farmer.
From a farmer making a purchase to the point of getting their rebate. Explaining should be easier than implementing. If explaining is hard, then ni kufyam! Does a farmer need a ETR machine to BUY fertilizer? Why do u jump into discussions without going thru the arguments brought forth? Rankaz was doubting the Presidents optism in the agri sector due to taxation - VAT. Now let me try to chew it for you. Small scale farmers dont depend on fertilizer as you'd want to make us believe here. They use kidogo sana if they do in most cases they rely on manure(cow dung, chicken poop or just compost). Even seeds, most small scale farmers grow back part of their last harvest. If anything, that 16% extra expense is passed to you when they hike the price do your research. Now those who can be termed as "commercial farmers" i.e they sell close to 75% are eligible to get tax rebates from the gov. Once a farm produces output of a certain amount of income, the farmer can apply to be recognized as a vatable entity and KRA will give the farm a PIN number. When they sell, they are allowed to Collect VAT ( i guess this is where the ETR is needed) and cover for the VAT paid on seeds n etc. If your farm is registered then its eligible for farmwork deductions, refunds of costs incurred on capex if and when you prevent soil erosion etc. And please understand the context of the argument before jumping with maneno bla bla "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore .
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Rank: Veteran Joined: 3/26/2012 Posts: 1,182
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murchr wrote:mkeiyd wrote:murchr wrote: ETR for what? If they have an ID why not pin? Why do we make excuses for incompetence?
How do you suggest they [farmers] will prove their receipts are genuine without ETR? Are you saying everyone who has ID has PIN? Really? FACT/REALITY is, most farmers don't have PINs and that's my friend is fault of no mine. Back to my question. Explain in NO UNCERTAIN terms how the system can/will work in Kenya and be cost-effective & fair to each and every farmer.
From a farmer making a purchase to the point of getting their rebate. Explaining should be easier than implementing. If explaining is hard, then ni kufyam! Does a farmer need a ETR machine to BUY fertilizer? Why do u jump into discussions without going thru the arguments brought forth? Rankaz was doubting the Presidents optism in the agri sector due to taxation - VAT. Now let me try to chew it for you. Small scale farmers dont depend on fertilizer as you'd want to make us believe here. They use kidogo sana if they do in most cases they rely on manure(cow dung, chicken poop or just compost). Even seeds, most small scale farmers grow back part of their last harvest. If anything, that 16% extra expense is passed to you when they hike the price do your research. Now those who can be termed as "commercial farmers" i.e they sell close to 75% are eligible to get tax rebates from the gov. Once a farm produces output of a certain amount of income, the farmer can apply to be recognized as a vatable entity and KRA will give the farm a PIN number. When they sell, they are allowed to Collect VAT ( i guess this is where the ETR is needed) and cover for the VAT paid on seeds n etc. If your farm is registered then its eligible for farmwork deductions, refunds of costs incurred on capex if and when you prevent soil erosion etc. And please understand the context of the argument before jumping with maneno bla bla @murchr, Who said a farmer needs ETR to buy anything? The farmer needs ETR to prove their claim for refund. The red part of your response,where you are guessing.Stop biting your tail. There is an agrovet shop in every part of this country,do we have large scale farmers throughout the republic? I buy farm inputs just as everybody in my village,in the Rift Valley,heck my in-laws do and their neighbors. None of us is a large scale farmer and we don't qualify under your system. The millions of us get screwed while the big fish enjoy rebates. That is one discriminative tax regime to the poor. For years, my business has never gotten any VAT refund thanks to the unscrupulous entities. There will be unscrupulous farmers. The taxman has to be sure. That is my biggest concern. The simplest solution,exempt farm inputs. Afterall, what else can one do with farm inputs other than use them in the farm? Before i "jump with maneno bla bla", what was the context of the argument? I thought it was VAT on farm inputs. Who qualifies to be small scale farmer.
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Rank: Veteran Joined: 3/26/2012 Posts: 1,182
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murchr wrote:mkeiyd wrote:murchr wrote: ETR for what? If they have an ID why not pin? Why do we make excuses for incompetence?
How do you suggest they [farmers] will prove their receipts are genuine without ETR? Are you saying everyone who has ID has PIN? Really? FACT/REALITY is, most farmers don't have PINs and that's my friend is fault of no mine. Back to my question. Explain in NO UNCERTAIN terms how the system can/will work in Kenya and be cost-effective & fair to each and every farmer.
From a farmer making a purchase to the point of getting their rebate. Explaining should be easier than implementing. If explaining is hard, then ni kufyam! Does a farmer need a ETR machine to BUY fertilizer? Why do u jump into discussions without going thru the arguments brought forth? Rankaz was doubting the Presidents optism in the agri sector due to taxation - VAT. Now let me try to chew it for you. Small scale farmers dont depend on fertilizer as you'd want to make us believe here. They use kidogo sana if they do in most cases they rely on manure(cow dung, chicken poop or just compost). Even seeds, most small scale farmers grow back part of their last harvest. If anything, that 16% extra expense is passed to you when they hike the price do your research. Now those who can be termed as "commercial farmers" i.e they sell close to 75% are eligible to get tax rebates from the gov. Once a farm produces output of a certain amount of income, the farmer can apply to be recognized as a vatable entity and KRA will give the farm a PIN number. When they sell, they are allowed to Collect VAT ( i guess this is where the ETR is needed) and cover for the VAT paid on seeds n etc. If your farm is registered then its eligible for farmwork deductions, refunds of costs incurred on capex if and when you prevent soil erosion etc. And please understand the context of the argument before jumping with maneno bla bla @murchr, Who said a farmer needs ETR to buy anything? The farmer needs ETR to prove their claim for refund. The red part of your response,where you are guessing.Stop biting your tail. There is an agrovet shop in every part of this country,do we have large scale farmers throughout the republic? I buy farm inputs just as everybody in my village,in the Rift Valley,heck my in-laws do and their neighbors. None of us is a large scale farmer and we don't qualify under your system. The millions of us get screwed while the big fish enjoy rebates. That is one discriminative tax regime to the poor. For years, my business has never gotten any VAT refund thanks to the unscrupulous entities. There will be unscrupulous farmers if we go that way. The taxman has to be sure. That is my biggest concern. The simplest solution,exempt farm inputs,which i believe is the case. Afterall, what else can one do with farm inputs other than use them in the farm? Before i "jump with maneno bla bla", what was the context of the argument? I thought it was VAT on farm inputs. Who qualifies to be a small scale farmer?
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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mkeiyd wrote:murchr wrote:mkeiyd wrote:murchr wrote: ETR for what? If they have an ID why not pin? Why do we make excuses for incompetence?
How do you suggest they [farmers] will prove their receipts are genuine without ETR? Are you saying everyone who has ID has PIN? Really? FACT/REALITY is, most farmers don't have PINs and that's my friend is fault of no mine. Back to my question. Explain in NO UNCERTAIN terms how the system can/will work in Kenya and be cost-effective & fair to each and every farmer.
From a farmer making a purchase to the point of getting their rebate. Explaining should be easier than implementing. If explaining is hard, then ni kufyam! Does a farmer need a ETR machine to BUY fertilizer? Why do u jump into discussions without going thru the arguments brought forth? Rankaz was doubting the Presidents optism in the agri sector due to taxation - VAT. Now let me try to chew it for you. Small scale farmers dont depend on fertilizer as you'd want to make us believe here. They use kidogo sana if they do in most cases they rely on manure(cow dung, chicken poop or just compost). Even seeds, most small scale farmers grow back part of their last harvest. If anything, that 16% extra expense is passed to you when they hike the price do your research. Now those who can be termed as "commercial farmers" i.e they sell close to 75% are eligible to get tax rebates from the gov. Once a farm produces output of a certain amount of income, the farmer can apply to be recognized as a vatable entity and KRA will give the farm a PIN number. When they sell, they are allowed to Collect VAT ( i guess this is where the ETR is needed) and cover for the VAT paid on seeds n etc. If your farm is registered then its eligible for farmwork deductions, refunds of costs incurred on capex if and when you prevent soil erosion etc. And please understand the context of the argument before jumping with maneno bla bla @murchr, Who said a farmer needs ETR to buy anything? The farmer needs ETR to prove their claim for refund. The red part of your response,where you are guessing.Stop biting your tail. There is an agrovet shop in every part of this country,do we have large scale farmers throughout the republic? I buy farm inputs just as everybody in my village,in the Rift Valley,heck my in-laws do and their neighbors. None of us is a large scale farmer and we don't qualify under your system. The millions of us get screwed while the big fish enjoy rebates. That is one discriminative tax regime to the poor. For years, my business has never gotten any VAT refund thanks to the unscrupulous entities. There will be unscrupulous farmers if we go that way. The taxman has to be sure. That is my biggest concern. The simplest solution,exempt farm inputs,which i believe is the case. Afterall, what else can one do with farm inputs other than use them in the farm? Before i "jump with maneno bla bla", what was the context of the argument? I thought it was VAT on farm inputs. Who qualifies to be a small scale farmer? Does commercial farming amount to large scale farming?. And my friend, give it a few months and the price of food will be up there ask mama mboga if she will need an ETR machine to overcharge u on those sukumas. She'll simply tell u soko imepanda. I have given u two scenarios read the argument again. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore .
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Rank: Member Joined: 8/16/2012 Posts: 660
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NSE wrote:EQUITIES Week on week, turnover rose to Kes.2.8bn from Kes.2.2bn posted the previous week, the number of shares traded stood at 120M against 112M the previous week.
The NSE 20 Share Index was up 0.05 % during the week to stand at 4751.82 points.
All Share Index (NASI) was up 1.47% during the week to settle at 124.66 points.
Live and learn; and don’t forget, nothing ventured, nothing gained.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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New markets seen pushing Kenyan tourism numbers up in 2013-14 - tourist boardKenya expects a 10 percent jump in visitor numbers in the 2013-14 fiscal year, driven by a rising flow of tourists from emerging markets, the head of the industry regulator said on Friday.
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Rank: Member Joined: 7/6/2010 Posts: 242
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http://www.businessdaily...8/-/lbntyb/-/index.html
Red flags are always being raised on Kenya's rising debt levels but no substantial debate comes out of it . The writer in todays Business Daily by using statistics from CBK has expressed some hard facts that the economy has potential to follow the path of Euro crisis.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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josimar wrote:http://www.businessdailyafrica.com/Is-Kenya-cruising-on-the-dangerous-road-to-deep-recession/-/539552/2005558/-/lbntyb/-/index.html
Red flags are always being raised on Kenya's rising debt levels but no substantial debate comes out of it . The writer in todays Business Daily by using statistics from CBK has expressed some hard facts that the economy has potential to follow the path of Euro crisis.
@ Josimar I have called it more than once but I was told that am an alarmist,pessimist and some other names...its a reality. possunt quia posse videntur
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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josimar wrote:http://www.businessdailyafrica....58/-/lbntyb/-/index.htmlRed flags are always being raised on Kenya's rising debt levels but no substantial debate comes out of it . The writer in todays Business Daily by using statistics from CBK has expressed some hard facts that the economy has potential to follow the path of Euro crisis. Give us a link to the CBK statistics document. That BD article has presented many assumptions which seem incorrect
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Rank: Chief Joined: 5/9/2007 Posts: 13,095
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Rank: Member Joined: 8/16/2012 Posts: 660
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mwekez@ji wrote:josimar wrote:http://www.businessdailyafrica....58/-/lbntyb/-/index.htmlRed flags are always being raised on Kenya's rising debt levels but no substantial debate comes out of it . The writer in todays Business Daily by using statistics from CBK has expressed some hard facts that the economy has potential to follow the path of Euro crisis. Give us a link to the CBK statistics document. That BD article has presented many assumptions which seem incorrect @josimar anamaanisha Live and learn; and don’t forget, nothing ventured, nothing gained.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Museveni wrote:mwekez@ji wrote:josimar wrote:http://www.businessdailyafrica....58/-/lbntyb/-/index.htmlRed flags are always being raised on Kenya's rising debt levels but no substantial debate comes out of it . The writer in todays Business Daily by using statistics from CBK has expressed some hard facts that the economy has potential to follow the path of Euro crisis. Give us a link to the CBK statistics document. That BD article has presented many assumptions which seem incorrect @josimar anamaanisha @josimar @Museveni, et al, give us a link to the CBK document giving those projections
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