Kimali

Tax, investing, sports.

To God be the glory.

[Kimali @brian_nzioki]

For to live is Christ, to die is to gain.

Phillipians 1:21

[The Standard Digital @StandardKenya]

Hundreds escort ballot boxes and tallied results from AC Ol Kalou Polling Station to the constituency tallying centre at Ol Kalou Senior School.

Video by Julius Chepkwony.

[Kimali @brian_nzioki]

@WillyGakuya Madness

[Kimali @brian_nzioki]

Wacha tungoje extension. Mmekataa tufanye kazi.

[KRA Care @KRACare]

Last call to file your tax returns, do it now or forever hold your peace.

Go to https://t.co/MGd6niOXlp or https://t.co/8vrPcvHoTE or Text Shuru on Whatsapp [phone]

Don’t know where to start from? Here is a guide to filing your 2025 returns https://t.co/HvUzQLlLgs

[Kimali @brian_nzioki]

@awwyourefunny @neale_morrison 😂😂😂... You're not ready for what you're about to see

[Kimali @brian_nzioki]

I keep telling people to check their itax dashboard every month and ensure they conduct proper tax planning. Kitaramba watu next year.

[CPA Wachira Joseph @WashiraX]

KRA has graduated to your tax accountant,

Courtesy of the Finance Act, 2026.

• Starting in January 2027, it is KRA that shall FIRST tell you, what income it believes you earned in 2026. And what taxes you shall therefore pay.

KRA will do this by generating a pre populated income tax return using the information it already has, such as:

• eTIMS data
• PAYE records
• Withholding tax records
• Plus any other information already in KRA systems

KRA shall then send you this pre-populated return by 31st January 2027.

Once you receive it, you have 2 MONTHS (February and March), and 2 OPTIONS. To either:

• Confirm it. If it is correct. Or,

• Reject & amend it. If KRA got the numbers wrong. And provide your own numbers together with supporting documents.

- If you make your amendments late. Or,
- You do not make any amendments at all,

KRA shall conclude that you have agreed with its assessment, and you shall pay the KRA generated tax bill.

After that, you can use the amended or confirmed return to file your taxes as follows:

• If you are a human being, file by April 30th 2027.

• If you have no flesh & blood (company, partnership, trust, etc), file by June 30th.
(Or the last day of the sixth month after your accounting year ends.)

One more critical mistake to watch.

• Do not assume KRA's numbers are always correct. The law has expressly given you the right to accept or reject the pre-populated return before filing.

Lessons:
• Proper bookkeeping is King in 2026.
• Mark the new tax timelines in your calendar.

Now, reread this slowly.

[CPA Wachira Joseph @WashiraX]

KRA has graduated to your tax accountant,

Courtesy of the Finance Act, 2026.

• Starting in January 2027, it is KRA that shall FIRST tell you, what income it believes you earned in 2026. And what taxes you shall therefore pay.

KRA will do this by generating a pre populated income tax return using the information it already has, such as:

• eTIMS data
• PAYE records
• Withholding tax records
• Plus any other information already in KRA systems

KRA shall then send you this pre-populated return by 31st January 2027.

Once you receive it, you have 2 MONTHS (February and March), and 2 OPTIONS. To either:

• Confirm it. If it is correct. Or,

• Reject & amend it. If KRA got the numbers wrong. And provide your own numbers together with supporting documents.

- If you make your amendments late. Or,
- You do not make any amendments at all,

KRA shall conclude that you have agreed with its assessment, and you shall pay the KRA generated tax bill.

After that, you can use the amended or confirmed return to file your taxes as follows:

• If you are a human being, file by April 30th 2027.

• If you have no flesh & blood (company, partnership, trust, etc), file by June 30th.
(Or the last day of the sixth month after your accounting year ends.)

One more critical mistake to watch.

• Do not assume KRA's numbers are always correct. The law has expressly given you the right to accept or reject the pre-populated return before filing.

Lessons:
• Proper bookkeeping is King in 2026.
• Mark the new tax timelines in your calendar.

Now, reread this slowly.

[Moe @moneyacademyKE]

We have done a summary of the proposals that were rejected by MPs, why they were rejected, and the proposals that were passed.

Here is the deeper thread.

Save and share.

[Kimali @brian_nzioki]

DCA 10K per month for 5 years... You'll be unstoppable

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

You can live off dividends.

[Kimali @brian_nzioki]

@WashiraX Accountants will be like doctors, always ready when called.

[Kimali @brian_nzioki]

Important things to note:
1. 50% of the principal tax will be held in escrow until the matter is solved.
2. The amount will be due after failure to agree with the tax tribunal ruling.

[The Eastleigh Voice @Eastleighvoice]

Kikuyu MP Kimani Ichung’wah has defended proposed changes to the tax appeals process, saying some large corporations use lengthy court battles to delay or avoid paying taxes.

Speaking in Parliament, Ichung’wah said firms often move cases from the Tax Appeals Tribunal to higher courts while obtaining stays that halt revenue collection for years. He argued that some companies exploit the delays, wind up operations and re-register under new names, making it difficult to recover taxes.

He said the reforms are intended to protect compliant taxpayers and ensure tax disputes are resolved fairly without creating loopholes for tax evasion.

[Julians Amboko @AmbokoJH]

UPDATE: Kenya's shift to dual assessment tax regime

The National Assembly has passed two crucial provisions regarding pre-population of tax returns:

· The Revenue Authority will be obliged, in the event of an assessment borne out of pre-populated returns, to issue to the taxpayer written reasons informing the assessment source of the data captured within 30 days of the determination

· Taxpayers will be granted an opportunity to amend liabilities that are informed by pre-populated returns

[Kimali @brian_nzioki]

@MwangoCapital Wash wash loading

[Kimali @brian_nzioki]

3. Sasini went back to losses, making a loss of 170 million in their HY results. The sale of their Mweiga estate did not go through after the buyer failed to make their contractual obligations, a double blow to the company. #NSE

[Kimali @brian_nzioki]

Here are some interesting things happening with listed companies

1. KQ increased 430 staff despite having a disappointing FY 2025. This may be signs that things are picking up. However, we may only know the facts once they release their HY returns.

[Kimali @brian_nzioki]

2. Kengen will apply for a license to supply power to its olkaria green park development. This is after a gazette notice that power producers will be allowed to supply power to large power consumers, bringing an end to KPLC's monopoly. #NSE

[CPA Wachira Joseph @WashiraX]

What Julians has submitted is extremely critical. Extremely.

Right now:
• You partly tell KRA what you earned
• You tell KRA what tax you owe

If finance Bill 2026 passes,

It is KRA that will strictly tell YOU:
• What you earned
• What tax you owe

How?
• By pulling data from anywhere
• eTIMS, banks, third parties, govt ministries integrations, etc

If KRA sends you a tax bill. And it is insane. And you disagree. Who must prove it is wrong?

The bill says it is you.

But here is the danger. KRA is NOT required to tell you:
• Where they got the data from
• Or how they arrived at the figures

So you are left there. Trying to fight numbers you cannot see.

And some of those numbers could be system errors.

Now ask yourself,
- How do you disprove something you don’t even understand? Are you an angel?

What Julians is saying is simple.

If KRA wants to tax you using their data, KRA must prove to you and the courts that that data is:
• Accurate
• Reliable &
• Defensible

Is that a fair argument?
Or should taxpayers just fight ghosts?

[ESPN UK @ESPNUK]

A truly great Premier League era comes to an end... ❤️🩵

[Kimali @brian_nzioki]

I don't think people understand just how messed up this bill is... Worse than 2024.

[CPA Wachira Joseph @WashiraX]

Finance Bill 2026 is asking for permission to kill local businesses.

Right now, if your company makes profits, you can choose to:

• Reinvest profits back to business
• Or distribute it as dividends to shareholders

Finance Bill 2026 wants that removed. And be replaced by one hard rule. That,

• At least 60% of your profits can be treated as dividends by KRA. Even if you did NOT distribute anything.

“At least” means minimum.

KRA can push it to: 70%, 80% even 90% if they don't like you.

Read that again.

Meaning:

• If you reinvest all your profits in your business, KRA will says:

- Noo. At least 60% must be distributed to shareholders. And since you didn’t, we will assume you did, and demand dividend tax from you.

As a result:
• You are taxed on money you never paid out
• 5%–15% withholding tax on “deemed” dividends

Who is in cooked?
• SMEs reinvesting profits to expand
• Manufacturing businesses expanding
• Real estate firms with paper profits but no cash

Who is safe?
• SEZ companies
• NIFC companies
• REITs
Because their dividends are already exempt.

But for everyone else, this is a forced dividend rule.

The govt is no longer waiting for you to run your business. They want KRA to run it for you.

Is this fair taxation? Or forced extraction?

[Aditya @adityacasm_]

Scene was so goated it inspired an entire generation to hit the gym

[CPA Wachira Joseph @WashiraX]

Finance Bill 2026 wants full suspension of data protection Act.

Here is how.

1. System Integration (Section 59A)

If your business sells over 5M annually:

• You shall connect your accounting system to KRA. Be it QuickBooks, zoho, etc
• To give KRA live feed of your transactions

Fail to comply: 100K penalty every month.

2. Crypto Reporting (Sections 6C & 6D)

• Kenyan crypto platforms must report all users trading history to KRA.

Fail to file: 1M penalty

3. Pre - filled Tax Returns

• KRA will generate tax returns for you based on any info available to them.

Meaning:

- KRA shall decide your tax bill
- You must prove them wrong
(Like what Shuru sent you on whatsapp)

4. Data Sources (Section 29A)

KRA can assess you using:

- eTIMS data
- Mpesa & Bank information
- Audits & inspections of related parties. eg your spouse, parents, customers, suppliers, etc
- Other govt system integrations. eg NTSA, Lands, KPLC, etc

5. Physical & Digital Access (Sections 58–60)

• KRA can enter your premises
• Inspect records
• Demand computer passwords & decryption keys
• Seize documents with a warrant

Meaning: KRA wants full suspension of data protection Act.