charles kairu

God chaser; soon to be media mogul, loves family.

[charles kairu @kairuc2012]

This has me triggered. Yesterday evening found me making a paper hat as directed by my PP1 teacher while the young one supervised. Hope I score well.

[Crazy Kennar @crazy_kennar]

OTHER SCHOOLS VS SCHOOLS BACK AT HOME😂😂😂😂

[CPA Wachira Joseph @WashiraX]

Money lenders can now call KRA bro.

Because starting 1st July 2026,

Finance Act 2026 has ended one of the biggest tax fights between KRA and money lenders.

For years, banks, microfinances and digital lenders have fought KRA in the Tax Appeals Tribunal and superior courts over one simple question.

A loan has two parts.
• The principal, and
• The interest.

Take for example a lender who gives out a loan of Ksh 1 million. At an interest of Ksh 100,000.

Then the borrower disappears. And all recovery efforts fail.
The lender finally gives up and writes off the loan.

The question is,

• What amount should the lender deduct for tax purposes?

- Is it the principal of 1 million? Or
- The interest of KSh 100,000?
- Or both?

KRA's position has traditionally been,
- Only the interest qualifies as a bad debt deduction. The principal does not.

Money lenders argued the opposite.
- The principal is our stock. That's what we trade with. If the principal is lost, that is a genuine business loss. It is tax deductible.

This disagreement has generated some of the fiercest tax battles between KRA and lenders.

One of the most notable being Branch International Ltd v KRA, involving over Ksh 800 million in loan write offs.

Finance Act 2026 has now settled the war.

• It expressly provides that, for banks, licensed financial institutions, microfinance institutions and money lenders, a bad debt includes:

- The principal.
- The interest.
- And any other amount relating to the debt.

KRA and lenders can finally call each other buddies.

Meanwhile, the professional loan defaulters have entered the chat. They are asking,

So if Tala or Branch writes off my loan as a bad debt, does that mean KRA has carried the burden for me? Should I still repay?

[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.

[charles kairu @kairuc2012]

Don't worry, yours won't. The apple has to fall close...

[Pяom Pяom🌚 @effxzzzyy]

if my son does something like this, he’s becoming the father of the house for free.

[Moe @moneyacademyKE]

The High Court has suspended NTSA's mandatory annual inspection for privately owned, non-commercial vehicles.

The order will stay in place until June 22, 2027, as the court hears a case challenging the new inspection rules.

[Moe @moneyacademyKE]

Kenya's public debt could be higher than officially reported.

The World Bank says Kenya's public debt is about Sh13.4 trillion, not the official Sh12.8 trillion.

This comes after it added Sh383 billion in securitised future revenues and Sh205 billion in verified unpaid pending bills to Kenya's debt calculations.

[Moe @moneyacademyKE]

Kenya missed out on Sh16.1 billion in Safaricom dividends because the deal closed days before the August 4 shareholder registry cutoff.

[Moe @moneyacademyKE]

If you missed the June 30 tax filing deadline, you could still have your penalties and interest waived under KRA's new tax amnesty.

This will only apply if you pay the principal tax owed for liabilities that arose on or before December 31, 2025.

[Moe @moneyacademyKE]

Japan has confirmed that construction of the Sh85 billion Mombasa Gate Bridge will begin under its Official Development Assistance programme.

The 1.4km bridge will replace the Likoni Ferry with a permanent four-lane road link connecting Mombasa Island and the South Coast

[CPA Wachira Joseph @WashiraX]

Tax waiver has kicked off in Kenya.

Starting today, 1st July 2026, the tax amnesty introduced by the Finance Act, 2026 has officially taken effect.

• How does it work?

KRA shall delete your tax penalties, interest and non-compliance fines,

Provided you pay the principal (actual tax) due.

• What period does it cover?

It covers tax liabilities that arose on or before 31st December 2025.

Under one condition.

- You must clear the principal tax before 1st Jan 2027.

Example.

Say your actual tax bill for 2020 was Ksh 100,000.

You did not pay it because of cash flow challenges.

Over the years, penalties and interests have accumulated to Ksh 30,000.

If you pay the Ksh 100,000 before 2027,

KRA shall take the rubber, and erase the 30,000.

• One question many people are asking:

- Will KRA also waive the penalties for late filing of your 2025 tax return late?

The answer is: Yes.

• So what should you do?

• Check your iTax ledger immediately.

• Identify the principal tax outstanding.

• Pay the principal tax.

• Leave the penalties, interest and fines untouched.

KRA shall erase them.

[charles kairu @kairuc2012]

@seyirnotlari 21

[Pauline Njoroge @paulinenjoroge]

Totally agree with Senator Godfrey Osotsi.
There comes a time when we must let the dead bury their dead and boldly embrace a new dawn. Seasons change, history turns a page and the old gives way for the new to emerge.

It is time to build something great, conquer new territories, inspire a new generation and forge a movement worthy of Kenya’s future.
#SisiNdioSifuna

[charles kairu @kairuc2012]

@usludurkizim 225

[charles kairu @kairuc2012]

Very Unpresidential. Trump effect is rubbing off.

[William Samoei Ruto, PhD @WilliamsRuto]

GMoi,your STANDARD media’s 5 days a week EXTORTIONIST propaganda HEADLINES on me & my administration’s transformative track record will get you NOTHING & NOWHERE.BLACKMAIL to yield to your GREED? NEVER.Kenya belongs to all Kenyans,not you alone.Jaribu 8 days a week. Do your WORST

[Abu Iman @Mr_Guantai]

You know what I'll do if I'm ever driving to Nairobi ever again? Drive at 45 Kph all the way to where I'm going, windows down, sunroof rolled back. They can't fine you for driving the speed limit. Since we don't know where the zones are anyway. Malicious compliance.

[charles kairu @kairuc2012]

@BeaumontWest Naona uko 60. Hapo si ya 50?

[charles kairu @kairuc2012]

@kemboi__amos Crazy drivers, bad roads, no street lights, inadequate signage, corrupt cops and illegal speed limits: not forgetting expensive fuel; this is anarchy cc @davis_chirchir @kipmurkomen we expect better

[Moe @moneyacademyKE]

State House spent Sh4.5 billion outside its approved budget in the first nine months of FY2025/26, according to the Controller of Budget.

This is one of the highest cases of unplanned government spending in the period.

[charles kairu @kairuc2012]

Budget
• Total spending: KSh 4.82T (100%)
• Recurrent expenditure: KSh 3.54T (73.4%)
• Development expenditure: KSh 749B (15.5%)
• Ordinary Revenue (Taxes): KSh 2.99T (62.0%)

(73%) to recurrent costs, (16%) to devt.

Kenya, make it make sense. 🇰🇪

[Moe @moneyacademyKE]

KBC has secured free-to-air broadcast rights for the 2026 FIFA World Cup.