BudgetKe2020 digital tax
- Thread starter Meria
- Start date
1.5 of value transacted? So if you transact 1millions hio ni 15k inaenda tu hivo?
Treasury Secretary Ukur Yatani has presented his Sh2.7 trillion Budget for the year starting July 1, outlining the spending plans, including the taxation measures to finance the proposals.
The budget includes a stimulus package to jumpstart an economy ravaged by the Covid-19 pandemic.
Here are some of the highlights:
SMES: Treasury CS has directed ministries, departments and agencies to clear all pending bills failure to which funding will be withheld.
EDUCATION: The Government has waived examination fees for KCSE and KCPE candidates.
DIGITAL: Online transactions to now attract a 1.5 percent digital tax as govt goes after growing e-commerce in the country.
DEBT: “Our debt remains sustainable, despite some of the debt burden indicators deteriorating due to the impact of the Covid-19 pandemic which has elevated expenditure pressure,” CS Ukur Yatani said.
The budget includes a stimulus package to jumpstart an economy ravaged by the Covid-19 pandemic.
Here are some of the highlights:
SMES: Treasury CS has directed ministries, departments and agencies to clear all pending bills failure to which funding will be withheld.
EDUCATION: The Government has waived examination fees for KCSE and KCPE candidates.
DIGITAL: Online transactions to now attract a 1.5 percent digital tax as govt goes after growing e-commerce in the country.
DEBT: “Our debt remains sustainable, despite some of the debt burden indicators deteriorating due to the impact of the Covid-19 pandemic which has elevated expenditure pressure,” CS Ukur Yatani said.
It's Me Scumbag
Elder Lister
Is there a word missing or are they taking credit? There is a word or letter missing. Definitely. I think.
Si hio ya KCPE KCSE tuliskia 2yrs ago.
Kipchonge Keeno
New Lister
Imebaki waanze kututax rent.
It's hard small
It's Me Scumbag
Elder Lister
@Headteacher do you know how much money gets transferred in real hard cash disguised as parcels by courier companies every day? Hizo EFT taxes wataonea viukesho...
Are you saying hivi karibuni nitege gari moja ya parcel na msedes
Denis Young
Elder Lister
Apparently it is 14%. 1.5 ni withholding. Gatheca atatutoa pesa kwa mfuko ajenge Northland city by force.
It's Me Scumbag
Elder Lister
Can't happen coz you do not know which one to trip...that's the problem. But it is happening big time.
Ngimanene na Muchere
Elder Lister
It is such a scumbag budget
wrongturn
Elder Lister
true- Electronic services such as downloadable and subscription-based digital content such mobile applications, e-books and movies, news, magazines, journals, streaming of TV shows and music, podcasts and online gaming will attract 14 percent VAT under the draft guidelines. This one will be very hard to implement.
Technology firms using the internet to market and sell products will pay a tax at the rate of 1.5 percent of the value of transactions in a proposed change to the Income Tax law to cut down on revenue leakages.
Denis Young
Elder Lister
Digital currencies are the future. Fuck Kenya.......tta