Top Tweets for #TAXTIPTUESDAY
Owe the IRS? Waiting can cost you.
Penalties and interest may keep adding up, but resolution options may be available.
Learn more: https://t.co/RX3i6AMMXR
#TaxTipTuesday #IRSDebt
#TaxTipTuesday
Paid to care for a family member? Don’t assume the payments are tax-free.
Keep payment records and determine whether the income should be reported as wages or self-employment income.
📌 When in doubt, check the IRS rules.
https://t.co/Eusmt2GnbW
🔗Read the full legal alert: https://t.co/IWY2njl769
Disclaimer: This post thread is provided free of charge for information purposes only. it does not constitute legal advice and should not be relied on as such.
#TaxTipTuesday
[5/5]
KRA was not held liable for the tax exposure because it acts on the registered PIN.
However, it was directed to delete or apportion the liabilities to Total’s PIN after settlement.
Post-contract tax exposure needs active management.
#TaxTipTuesday
[4/5]
The lesson extends beyond fuel stations.
Businesses using agents, distributors or franchisees should trade and invoice under their own registrations after termination.
Dealers should change iTax credentials and notify KRA when third-party authority ends
#TaxTipTuesday
[3/5]
The Court also awarded the dealer Kshs. 20.7M for unauthorised use of his business name and PIN, calculated at Kshs. 90,000 per day for 230 days.
Interest was ordered at court rates until full payment.
#TaxTipTuesday
[2/5]
Total was ordered to account for VAT and income tax returns filed on the dealer’s PIN for 2017–2020, and to file and settle associated VAT, PAYE, income tax and NSSF obligations arising from the post-termination transactions.
#TaxTipTuesday
[1/5]
The dealer’s PIN continued being used for invoices and withholding tax certificates until 18 Aug 2020, even after the licence ended.
The Court held that the resulting VAT, PAYE and income tax liabilities were Total’s to account for and settle.
#TaxTipTuesday
🚨TAX TIP TUESDAY🚨
Your PIN can remain exposed after a contract ends.
In Ngure t/a Dasken Enterprises v Total Kenya, the High Court found Total unlawfully used a former dealer’s business name and KRA PIN for post-termination trading.
[THREAD]
#TaxTipTuesday
![WamaeAllen's tweet photo. 🚨TAX TIP TUESDAY🚨
Your PIN can remain exposed after a contract ends.
In Ngure t/a Dasken Enterprises v Total Kenya, the High Court found Total unlawfully used a former dealer’s business name and KRA PIN for post-termination trading.
[THREAD]
#TaxTipTuesday https://t.co/jEIhpc1FSQ](https://pbs.twimg.com/media/HTX5NelXEAAvNbo.jpg)
It’s #TaxTipTuesday with John Stovell
Gifting a rental property to family? CGT may still apply, as HMRC uses the property’s market value, not the gift price.
Speak to a specialist before making any decisions: https://t.co/07lIWx22ir
#CGT #BuyToLet
🚨TAX TIP TUESDAY🚨
Your Books Don't Forget. Neither Does KRA
African Banking Corporation won back KES 37.7M KRA had no evidence to disallow.
But the bank still lost KES 1.3M over three letters in its ledger: 'C, S, R'
The difference? Documentation.
[THREAD]
#TaxTipTuesday
![WamaeAllen's tweet photo. 🚨TAX TIP TUESDAY🚨
Your Books Don't Forget. Neither Does KRA
African Banking Corporation won back KES 37.7M KRA had no evidence to disallow.
But the bank still lost KES 1.3M over three letters in its ledger: 'C, S, R'
The difference? Documentation.
[THREAD]
#TaxTipTuesday https://t.co/cTDjFZPcJG](https://pbs.twimg.com/media/HS0W1CoWcAAr6m-.jpg)
💡TAX TIP TUESDAY💡
Is a bank's loan principal a fixed asset or everyday trading stock?
The Tax Appeals Tribunal crushed KRA's KShs 264.9M tax demand in a major win for Kenyan lenders.
Here's why this matters for banks and digital credit providers
[THREAD]
#TaxTipTuesday
![WamaeAllen's tweet photo. 💡TAX TIP TUESDAY💡
Is a bank's loan principal a fixed asset or everyday trading stock?
The Tax Appeals Tribunal crushed KRA's KShs 264.9M tax demand in a major win for Kenyan lenders.
Here's why this matters for banks and digital credit providers
[THREAD]
#TaxTipTuesday https://t.co/nN2C0cZFp1](https://pbs.twimg.com/media/HSQodhBWsAAu1ST.jpg)
🚨TAX TIP TUESDAY🚨
“Nothing Left the Company, So What Are You Taxing?” Tax Tribunal Asks?
Moving money from your left pocket to your right pocket isn’t a secret payday. Yet KRA raised a KShs 70M dividend tax bill over a corporate capitalisation.
[THREAD]
#TaxTipTuesday
![WamaeAllen's tweet photo. 🚨TAX TIP TUESDAY🚨
“Nothing Left the Company, So What Are You Taxing?” Tax Tribunal Asks?
Moving money from your left pocket to your right pocket isn’t a secret payday. Yet KRA raised a KShs 70M dividend tax bill over a corporate capitalisation.
[THREAD]
#TaxTipTuesday https://t.co/yU7NquzrhW](https://pbs.twimg.com/media/HRscr7HboAA0-Mu.jpg)
🚨TAX TIP TUESDAY🚨
KRA says the money a bank writes off is capital.
The bank says: “That money is our stock-in-trade—and stock that goes bad is a trading loss.”
The Tax Appeal Tribunal had to decide who was right.
[THREAD]🧵👇
#TaxTipTuesday
![WamaeAllen's tweet photo. 🚨TAX TIP TUESDAY🚨
KRA says the money a bank writes off is capital.
The bank says: “That money is our stock-in-trade—and stock that goes bad is a trading loss.”
The Tax Appeal Tribunal had to decide who was right.
[THREAD]🧵👇
#TaxTipTuesday https://t.co/t1J16ot9uE](https://pbs.twimg.com/media/HRIZ7TnWgAA0vP1.jpg)
Take-Charge Tuesday
"Own Your Next Move"
"You regain power the moment you stop waiting for circumstances to make your decisions for you."
#AShotOfQuavo
#TakeChargeTuesday
#TaxTipTuesday
[1/5]
A landlord’s tax treatment does not depend solely on the lease description or iTax classification.
Where tenants use premises for project management, finance or administration, the actual use can determine the tax treatment.
#TaxTipTuesday
🚨TAX TIP TUESDAY🚨
Your property may look residential, but if your tenant uses it as an office, business or Airbnb, KRA may treat the rent as commercial—taking it outside the 7.5% MRI regime and exposing it to Corporation Tax + 16% VAT.
[THREAD]👇
#TaxTipTuesday
![WamaeAllen's tweet photo. 🚨TAX TIP TUESDAY🚨
Your property may look residential, but if your tenant uses it as an office, business or Airbnb, KRA may treat the rent as commercial—taking it outside the 7.5% MRI regime and exposing it to Corporation Tax + 16% VAT.
[THREAD]👇
#TaxTipTuesday https://t.co/aP9dZPJ3T3](https://pbs.twimg.com/media/HQj1YScXcAA7CaC.jpg)
[5/5]
💡 Lesson for tech companies & BPOs:
✔️ Draft cross-border contracts carefully
✔️ Identify the foreign customer
✔️ Invoice the foreign principal
✔️ Avoid direct nexus with local end-users
Contractual structure can determine VAT treatment.
#TaxTipTuesday #TaxCompliance
[3/5]
The answer was in the contracts.
Sybrin Kenya invoiced its foreign affiliates, had no direct contractual obligation to Kenyan banks, and performed services commissioned by those entities.
The affiliates were therefore the primary consumers/beneficiaries.
#TaxTipTuesday
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