For those wondering, Solai is the same dam that broke and swept a nearby village. The Red Cross had trouble recovering bodies.
Anyone notice a pattern here? #RutoMustGo.
@Blac_Afrikan Hello Stephen, apologies. Please note that if a line remains unused, it is deactivated 123 days after its expiry and subsequently be recycled and reassigned to a new user. Kindly be advised that an SMS notification is sent to the line prior to both expiry and deactivation. ^BO
Seems like @SafaricomPLC soft launched the Zidii trader app.
The experience was so smooth, still not sure where the shares are held.
Here’s my experience purchasing 100 $SCOM shares today.
How & when does KRA want the explanations?
- When KRA believes you evaded taxes, they will audit you.
- It is at this stage they will demand for your bank and mpesa statement.
- This is when & where explanations are needed.
Best practice is:
- Convert your bank and mpesa statements into excel.
- Add a column for narrations
Give it to KRA when they need it.
KRA has been given a new weapon.
Tax all the money in bank and mpesa.
But do not be alarmed.
In simple terms.
Money entering your bank account is now presumed to be income.
Unless you can prove it is not.
Yes. Even if it’s “not business”.
For example
- Friends send you money to “hold”
- Chamas pass money through your account
- Your wife blesses your mpesa
- Someone refunds you cash
- You receive family support because you live in Nairobi
- You sell land, a car, or livestock
- Random deposits keep coming in
KRA’s question is simple:
“What is this money?”
And now YOU must explain.
What people wrongly assume
- “It’s my personal account”
- “It’s not profit”
- “KRA must prove it’s income”
Court said
Money in the bank = income by default
Burden of proof is on you
If you can’t explain = KRA can tax it
Result
- Unexplained deposits = taxable income
- Penalties & interest follow
- Maximum chest pains
Simple solution:
- Money in
- Explain it
- Or pay tax on it
@SafaricomPLC@Safaricom_Care transacting on Lipa na MPESA has become a process. The issue with the sim tool kit is frustrating. Navigate to Lipa na MPESA it takes you back to home menu.*334# is also a lengthy process. @PeterNdegwa_
Hello @Safaricom_Care . Why is it that when using Sim Tool Kit. Any time when clicking Lipa na mpesa. It goes to back to the first mpesa menu. Almost 4 days now.
When investors think of passive income in Kenya, they mainly settle for Real Estate's Rental income.
Before you take that loan to put up those rentals or buy that off plan house,
Here's why Real Estate may not be your best option for passive income in Kenya👇👇
The DP appears to be making desperate attempts to reconcile with the former President, once his sworn enemy, in bid to rally Mt Kenya region to speak in one voice, a move that threatens to escalate the fallout in ruling Kenya Kwanza Alliance. https://t.co/4gPZuj4Lxc