Enos Tonnie

These are my opinions. Not necessarily shared by reasonable-minded people nor my benevolent corporate overloads.

[Enos Tonnie @ItsEnos]

Manny Pacquiao lights up Adrian Broner in the 7th round! #Boxing #Broner #BronerPacquiao #PacquiaoVsBroner #PacquiaoBroner

[Enos Tonnie @ItsEnos]

@moneyacademyKE It's about time Mpesa to be a financial entity' on it's own!

[Enos Tonnie @ItsEnos]

@PaddockGirl_44 @noelle_omoke Ati lil skeleton 😆😆

Syllabus inaenda mbio sana

[Enos Tonnie @ItsEnos]

@Nyaburinyauma That's birth mark bro,

Don't overreact

[Lucro 💫 @PlayoffLucro]

Before any fake narratives start

Here is the 2000 All Star highlights…

I was told this was peak competition 😂

[Nick shirley @nickshirleyy]

🚨 Here is the full 42 minutes of my crew and I exposing Minnesota fraud, this might be my most important work yet. We uncovered over $110,000,000 in ONE day. Like it and share it around like wildfire! Its time to hold these corrupt politicians and fraudsters accountable

We ALL work way too hard and pay too much in taxes for this to be happening, the fraud must be stopped.

[𐌁𐌉Ᏽ 𐌕𐌉𐌌𐌉 @OrevaZSN]

Our parents don't know how much we stay in bed thinking about how we will return their hard work and sacrifices they made. Hope it all goes well for us.

[Enos Tonnie @ItsEnos]

@_KasKazini That whole statement is just a desperate attempt to hide ODM’s succession chaos behind a cake story, proving the party’s leadership is crumbling faster than the icing they’re busy arguing about.

[👑S.A.L.A.K.O🕊 @UnkleAyo]

It is a good evening to remind you that:

Masters is free in Czech Republic 🇨🇿
Masters is free in Denmark 🇩🇰
Masters is cheap in Finland 🇫🇮
Masters is free in Iceland 🇮🇸
Masters is cheap in Austria 🇦🇹
Masters is cheap in Sweden 🇸🇪
Masters is cheap in Poland 🇵🇱
Masters is free in Hungary 🇭🇺
Masters is free in Germany 🇩🇪
Masters is free in Italy 🇮🇹
Masters is relatively affordable in Norway 🇳🇴

(Where you see free, read tuition free or presence of merit/economic scholarships;
Cheap is relative, mostly under 2000 euros per year)

[Hlovo @hlovo_]

This guy’s apartment is stunning

[Interesting things @awkwardgoogle]

The Ukrainian actress Tania Galakhova portrayed what it's like to live with depression 😢

[Rain Drops Media @Raindropsmedia1]

AI is really getting out of hand—they’ve got Tupac Shakur linking up with Kobe Bryant, Michael Jackson, Biggie, Bruce Lee, Elvis & Fidel Castro. 😳😭🎤

[Swervo5️⃣ @4KTSwervo]

Yall thought Canelo was going to beat Crawford??? THIS IS WHO RAISED CRAWFORD!!! HE GOT SHOT IN THE BACK OF THE HEAD AND DROVE HIMSELF TO THE HOSPITAL!!! #crawfordvscanelo

[Julians Amboko @AmbokoJH]

In what circumstances can KRA deem all deposits into your bank account as income & therefore taxable?

The judgement on appeal E1116/2024 (Kirin Pipes Limited vs KRA Commissioner Intelligence Strategic Operations Investigations & Enforcement) before the Tax Appeals Tribunal is one I think every Kenyan needs to read.

The Big Issue:

· The issue at hand is a crucial one - In what instances can KRA deem all deposits into a bank account as income & therefore taxable?

The Contention:

· KRA conducted an investigation into Kirin Pipes Limited's tax affairs for the period 2019 - 2022 & issued assessments for income tax of Kes 34,300,288 & VAT of Kes 22,687,105

· Kirin Pipes Limited went before the Tribunal arguing that KRA made an error by assuming that every deposit made into its bank accounts amounted to income capable of being charged tax

Kirin Pipes Limited's argument:

· The company commenced its operations in 2019 during which shareholders injected share capital. The ordinary share capital was Kes 10.0 Million but the company required further capital & therefore shareholders deposited a further Kes 29,425,495.45 into its bank account

· The company therefore argues that the deposit of Kes 29,425,495.45 was not income but capital injection

· During its formative years, the company required funds to help cover the initial setup costs & operating expenses & sought for a Kes 31,697.392 loan from Nanchang Municipal Engineering Development

· The company therefore argues that this deposit ought not be subjected to income tax by KRA since it was a loan

· The company also argued that it received funds from its shareholders totalling Kes 24,619,662 to fund its operations & that the said amounts were not income but shareholders deposits

The Verdict:

· The Tax Appeals Tribunal held that Kirin Pipes Limited failed to provide an analysis of the specific deposits which related to capital injections & to link the deposits to the shareholders who are indicated in the Official Company Search (form CR12).

· The Tribunal observed that Kirin Pipes Limited provided uncertified bank statements & swift confirmation slips which could not be attributed to capital deposits in the absence of other corroborative documents such as an analysis & description of the deposits, Meeting Minutes/ Resolutions or any other document to demonstrated that indeed the amounts in question were capital injections

· The Tribunal held that it was incumbent upon Kirin Pipes Limited to demonstrate the flow of capital from its shareholders & how the same was eventually accounted for by the company

· The Tribunal also held that Kirin Pipes Limited failed to provide evidence of the resultant shareholding structure after deposits by the said shareholders. Whereas Kirin Pipes Limited submitted form CR12, it only showed the initial capital of Kes 10.0 Million

· Tribunal found that Kirin Pipes Limited failed to prove that deposits worth Kes 54,045,101.45 in its bank accounts during the period under review were attributable to capital injection from its shareholders

· The Tribunal established that whereas Kirin Pipes Limited argued that a deposit worth Kes 31,697,392 was a loan from Nanchang Municipal Development Corporation, the documents indicated that it was interest free & the same could be repaid at any time at the discretion of Kirin Pipes Limited

· The Tribunal held that such open terms in the loan agreement made it difficult to verify whether the amount was indeed a loan, given that there was no interest charged & neither was there a repayment period

· Tribunal also pointed out that from the date the loan agreement was signed in 2019 to the date of assessments in 2024, Kirin Pipes Limited did not provide proof of any repayments it made towards the said facility

· The Tribunal therefore found that the documents tabled by Kirin Pipes Limited to support its claim that Kes 31,697,392.00 of the deposits in its accounts were proceeds of a loan advanced were insufficient & did not meet the evidential threshold of disproving that the loan was income chargeable to tax

· In sum the Tribunal found that KRA did not err in treading all deposits into Kirin Pipes Limited's bank account as income & therefore taxable

[Abojani Investment 🇰🇪🇺🇬🇹🇿 @TheAbojani]

JUST WHAT IS IT ABOUT HF GROUP AND THE NEW TIER II STATUS 🧵🧵

The Central Bank of Kenya (CBK), in its Annual Bank Supervision Report, categorises commercial banks into three clear groups:
1⃣Large Peer Group: controls 75.6% of the market.
2⃣Medium Peer Group: controls 16.7% of the market.
3⃣Small Peer Group: controls the remaining 7.7% of the market.

But how exactly do they decide where a bank falls?

Because ultimately, banks are in the business of domination, and every player wants to climb the ladder.....

[Uncle Chu @datchuguyy]

Forbes just released its latest list of the World’s black billionaires

Here's a breakdown of the 23 black billionaires in 2025🧵

[Abojani Investment 🇰🇪🇺🇬🇹🇿 @TheAbojani]

MODEL BUDGET FOR A 32 YR OLD BANKER, EARNING 216K(NET), HAS A SMALL FAMILY AND PLANS TO START A BUSINESS SOON...

Kimani(not his real name) married the love of his life two years ago at 30 years of age and he thought life would slow down a little. He was finally settled, working at one of the leading banks in Upperhill, Nairobi, and starting a family. ....

[Moe @moneyacademyKE]

The most valuable companies in Kenya by market cap today:

Safaricom—Sh1.1 trillion
Equity Bank—Sh207 billion
KCB Bank—Sh175 billion
EABL—Sh163 billion
StanChart—Sh127 billion
ABSA—Sh108 billion
NCBA— Sh107 billion
Co-op Bank—Sh101 billion
Stanbic —Sh73 billion
I&M—Sh64 billion

[!Nspirenaire〽️ @Inspirenaire]

Yall better not sleep on the Great Rev Ike!

[Cerebral Assassin @xysist]

KRA demanding Naivas to deposit 80% of the taxes in dispute as a condition for the stay pending determination is not a good precedent as it will cripple the businesses cashflow.

We need to be reasonable