W/Philip Ngesa

Engineer by profession🔱.Entrepreneur. Opportunist.The society role model. Family man.God fearing. Live on missions.

[Matthew LaBosco @matthew_labosco]

You spend 8 hours in bed every night, but still wake up exhausted.

Magnesium, melatonin, even ashwagandha don't help...Here's what's really going on:

1. Waking at 3-4 AM.

[Lennox Omondi @_lennoxomondi]

Niliquit 9-5 ilikuwa inanilipa 150k/month.
Imenitake two years for my company kunilipa 67k/month na nafanya kazi from 7AM to 11PM every day, na sometimes unapata uko na employees wanakupea the hardest time ever, na kuwafuta kazi ni even more expensive.

Every month uko na bills za kulipa in the millions, end month kila mtu ako happy isipokuwa wewe juu uko na another 30 days kuraise another million. Na imagine all this trouble ndiyo net salary yako ikuwe 50k

Sometimes doh haitoshi unasema wacha ulipe the employees alafu KRA utawatumia yao by 9th, unajaribu kupata loan bank inakataa juu hauna shamba ya security, inafika 15th unapata weird calls, unashika unapata ni KRA, unawaambia utawalipa next Friday, wanakuambia Friday haiwezekani, labda Thursday. Inabidi uongee with one of your clients akulipe mapema, anakusomea akikuambia biz haifanywi hivo but anaitikia eventually.
Next week inafika unalipa KRA, SHA,NSSF, Housing Levy. Unahave some peace kidogo only to realize that next week ni end month na this time uko na deficit kubwa kushinda last month, and the cycle continues.

Kama uko 9-5 na uko sawa, I can’t advise you to quit. Heri ujaribu entrepreneurship in parallel but usiquit job yako. It feels good when you tell people that you quit your job to pursue your dream but you also need to understand that your dream will take time before it starts paying the bills, and it might also die before you eat a shilling from it.

[JaPrado. @Dr_AustinOmondi]

The struggles of my parents have now become my own. I would complain when they switched from cartoons to news, now I watch news of my own volition. My mother would deny me sugary foods, now I avoid the sugar myself without being told. Whenever I saw take out I’d throw a fit but they insisted there was food at home, nowadays I only eat at home. Time indeed is the greatest teacher.

[CPM MUTUSE @CPM_Mutuse]

Another new client.

Hidden roof 2 bedroom.

[wa kanesa @ndet_0]

Just this.

[CPA Wachira Joseph @WashiraX]

KRA is not playing with KTDA.

KTDA buys and sells tea leaves. Not tea. Tea ni chai. Chai ni ya kukunyua. Tea leaves ni majani ya chai. Kirui are we together?

Now,

KTDA was growing very fast. They wanted the Gulf people to taste the classical definition of proper Kenyan tea.

In 2008, they opened a branch in Dubai. Branch role, to market and sell tea in the Gulf.

In this setup, KRA was eating well. Because branches are like agents. They sell and send all profits back home.

So Dubai sold tea. Profits came back to Kenya. KTDA consolidated everything. And handed KRA a biig fat cheque.
KRA was extremely happy.

In 2014, KTDA got tired of tickling KRA.

They discovered.

- If they register a separate company in Dubai
- Gulf profits won’t be taxed in Kenya
- And Dubai tax was 0% too

So no taxes nowhere.

Directors said: Perfect. Do it. Fast!

As they are doing all this, they are unaware of one dangerous sentence sitting quietly in Kenyan tax law.

It reads:
• Any company managed and controlled from Kenya is a Kenyan resident company.

The Dubai company was registered. Life was good. Money was flowing. Zero income tax.

Next year, KRA noticed their cheque suddenly got thinner.

They asked KTDA Kenya, ndugu ni nini inaendelea hapa?

KRA got the shocking news of its life from KTDA.

- We do not have a problem paying taxes. But the Dubai branch has been upgraded to a full Dubai company. And profits are no longer coming home to be taxed.

KRA could not believe it. It returned to Times Tower. And embarked a fault finding mission.

In 2021, they found out:

- Directors of KTDA Dubai were all Kenyans
- They lived and drank tea in Kenya
- They controlled every single affair of KTDA Dubai from Kenya

Wakasema baas, nini ingine tunatafuta?

They invoked the one dangerous sentence. You remember it?

• Any company managed and controlled from Kenya is a Kenyan company.

KRA declared KTDA Dubai a Kenyan company

• Tax demanded 122M

KTDA ran to court with Dubai registration papers.

The judges questioned KRA why it wanted to harvest where Kenya did not plant?

KRA responded: My Lords, if your hen lays eggs in your neighbour’s land, is that egg yours or your neighbour’s?

Judges paused.

Then sided with KRA.

KTDA wakaabiwa walipe tax.

Case closed.

Lesson.

• Structure your offshore company properly.

• Or KRA will structure it for you.

[W/Philip Ngesa @PhilipNgesa]

@UseLemfi @Safaricom_Care The feedback provided is the same thing all along. I need actions not responses. Either money gets to the account or a refund.

[W/Philip Ngesa @PhilipNgesa]

Hello @Safaricom_Care I've had an issue between you and @UseLemfi for the past 4 days and attempts to get my money aren't fruitful. I sent money to my Kenyan number from my diaspora bank account through @UseLemfi but the money hasn't hit my Kenyan Safaricom number.

[W/Philip Ngesa @PhilipNgesa]

@UseLemfi I'm still waiting for this. It's been over one week of taking me through circles of "we're working in it" responses

[W/Philip Ngesa @PhilipNgesa]

As per the statements, 400 euros left my bank account passed through @UseLemfi but hasn't been deposited to my @Safaricom_Care number.

[W/Philip Ngesa @PhilipNgesa]

@UseLemfi I'm still waiting for this. It's been over one week of taking me through circles of "we're working in it" responses

[W/Philip Ngesa @PhilipNgesa]

As per the statements, 400 euros left my bank account passed through @UseLemfi but hasn't been deposited to my @Safaricom_Care number.

[W/Philip Ngesa @PhilipNgesa]

@Safaricom_Care @UseLemfi I've shared that once more

[W/Philip Ngesa @PhilipNgesa]

@Safaricom_Care @UseLemfi I'm sending this again because I've shared it before so many times to that email and nothing is being done.

[W/Philip Ngesa @PhilipNgesa]

@UseLemfi @Safaricom_Care Your DM is not working. Send me a message I'll reply with the details. Thanks

[W/Philip Ngesa @PhilipNgesa]

@UseLemfi where's the Ksh. 60,800?

[Reagan @reagan_omae]

Simple two bedroom...no extra decorations

[Cerebral Assassin @xysist]

My architect anasema msiogope kujenga ushago kama mko na a budget. Kuna a budget friendly 2 bedroom.

Mnaona ni kama mnaeza approach na how much? 70sqm 2br with one bath.

[K2 @orscrz]

Jamia Mosque & Holy Saints Cathedral will be medical centers on Tuesday. RT