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[Meria]

THE FINANCE ACT, 2019

Here is a recap of the key tax measures that have now come into force that will soon have a dent on you and your business.

1. Import Declaration Fee (IDF) has been increased from 2% to 3.5%

2. Railway development levy has also risen from 1.5% to 2%
3.Turning to motor vehicles, excise duty on petrol-engine vehicles over 3000 cc as well as diesel-engine vehicles over 2500 cc is now at 35%
4.Excise duty on vehicles over 1500 cc has been raised from 20% up to 25%
5. Excise duty has also been introduced on bottled water, non-alcoholic beverages and cosmetics with the introduction of excise stamps.
6. Excise duty on cigarettes and wines is up 26% while excise duty on spirits is up 44.5%
7. In order to encourage the manufacturing of gas cylinders locally, excise duty on imported gas cylinders has been raised to 35%.
8. Digital transactions will also be subject to value-added tax at the rate of 16%.
9. For micro, small and medium enterprises, the taxman will require you to pay a turnover tax at the rate of 3%

 

[Wegrow]

Uhuru ametobwa hakili biu biu riu

 

[Cortedivoire]

Ataleast tuna infrastructure which can be seen from the loans

 

[zapp_brannigan]

Ataleast tuna infrastructure which can be seen from the loans

Counter productive , the loan repayment is part of what is making taxation to be very high .So end up killing business that would have enjoyed the road .So we have infrastructure but of no use , putting a meal on the table is a big challenge for many

 

[Thitima]

8. Digital transactions will also be subject to value-added tax at the rate of 16%.

Does this mean MPesa charges will increase?

 

[zapp_brannigan]

Does this mean MPesa charges will increase?

Hopefully Wana maanisha online retailers likes of kilimall and Jumia .Athagwaisi mambo itakuwa mbaya kama ni the likes of MPESA .

 

[Ubongo]

Umesahau borehole in your compound. Hehehe

 

[Ziga]

Tutatombwa proper

 

[Thiem]

I blame thurakus chief of them hapa klist RANDY $

 

[JazzMan]

 

[Mutwemumu]

@Meria mbona unatoa dislikes zenye nakuwekea penye umecomment ama kuweka thread ya upuzi.Is it meant for raia only .Kasia

 

[Meria]

@Meria mbona unatoa dislikes zenye nakuwekea penye umecomment ama kuweka thread ya upuzi.Is it meant for raia only .Kasia

ngambwe, show me moja nimetoa

 

[Mutwemumu]

View attachment 991

If I am that guy ningekuwa nishajinyonga.nothing beat this kind of shame.Can Uhuru really look straight into his eyes?

 

[Mutwemumu]

ngambwe, show me moja nimetoa

Nimezi mark.Ulikuwa umetoa,screenshot