Spark-wil

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[Spark-wil @williekip]

@RemotejobWtessy Interested

[Spark-wil @williekip]

@MaryKwamboks How much is this gadget, I need one

[Spark-wil @williekip]

@Nganga_one Huyo ni NIS

[Spark-wil @williekip]

@wnyakera Me too

[Spark-wil @williekip]

@Odunayogold2 We all know that's you , the way you described the fine details can't be someone else.

[Spark-wil @williekip]

@elonmusk @grox confirm if this is charity or will the schools will meet the monthly costs

[Spark-wil @williekip]

@AngleMtoto @sh9000 Why are you selling ?
I got good customers to purchase but I need the reason for selling .
You can DM

[Spark-wil @williekip]

@ggiste Just get married my friend.a good Wife will tell you to move from 65k rental house to 25k, 2 bedroom . She will manage to reduce that food shopping to max 15k monthly.
Savings 50k.
Join a sacco ,you will need it later

[Spark-wil @williekip]

@Miss_Muthoni_ @ggiste If not married , 35 k for rent is still high, atafute 2bedroom hapo kikuyu, iko na parking. 25k .

[WARÚHIÚ @kamauwaruhiu]

The reason wise parents refuse those houses that one child builds for us ,is all the others will feel unwelcome in their father's house . It's even worse when the house comes with the land .
I would rather live in a mud house where all 7 of my children feel equal than that mansionate where 6 of them cower at the feet of the one that built it . It has destroyed many families. If the person building that house is your eldest son it's even worse , if your wife is a fool she will start treating him as your co-husband .
But like I said not every old person is wise ,fools grow old too.

[Spark-wil @williekip]

@Fossa254 @polo_kimanii The guy is clueless, just picks up gossip on socials and does some Google search then parades his ignorance with silly questions to guests.
I rather watch papa shirandula rather than this guy.

[Spark-wil @williekip]

@rv_bc @Gameon158518 @Obadimz_ True bro, there are no guarantees about the next partner . He could easily jump from frying pan into the fire 🔥.

[Spark-wil @williekip]

@Wundakid49 @Gameon158518 My thoughts too, so they were getting married before/without tasting the sugar? Does this still exist?

[KENYA GOSSIP HUB @kenyasgossips]

@crazy_kennar Nigeria, Uganda and Zimbabwe citizens reporting Tanzania to Crazy Kennar 😂.

[Spark-wil @williekip]

@masterkiarie @AmbokoJH Should it be making profit? Its a goverment service industry

[Spark-wil @williekip]

@KijanaSafi2 @Aboge_27 What of the other 40 communities?

[Spark-wil @williekip]

@Gitonga_Mukunji @OleItumbi That means you are among his frequent chat list .

[CPA Wachira Joseph @WashiraX]

KRA is not playing with Naivas.

You know Naivas. Hii tu moja.

It was a fully family owned supermarket giant.

When the time came to cash out, the owners weighed their options.

If they sold the supermarket from Kenya, they would pay insane taxes.

So they went shopping for low tax countries. And Mauritius presented itself. It was irresistible.

- 0% tax on sale of the company.

In 2015, the family registered a shell company in Mauritius. Called it NIL.
Then transferred all their shares to this company.

So Naivas was now 100% owned by a Mauritian company.

To make it even tighter, they added another layer.

They set up a second shell company. Called it GFI.
And transferred all NIL shares to GFI.

So now:
• GFI owns NIL
• NIL owns Naivas Kenya
Proper entanglement. Achana na hiyo yako.

As all this is happening, 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.

Then the family went looking for a buyer.

In 2020:
• They sold 30% of the supermarket for 5.2B
• By selling 30% of NIL shares

So:
- Naivas is still owned by NIL
- But NIL now has a new shareholder

And everything happened in Mauritius quietly.
Nothing has changed hands in Kenya trigger anything.

• Deal is closed. 0 tax.

Bahati mbaya, KRA caught wind that Naivas is gone.

Immediately, KRA embarked on a fault finding mission.

In 2022, KRA discovered that:

- The family has always lived in Kenya. Not Mauritius.
- They managed and controlled every single operation of the shell companies from Kenya

They invoked the one dangerous sentence.
You remember it?

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

KRA said:
• These Mauritius shell companies are Kenyan
• They must pay tax in Kenya

Tax demanded: 30% of 5.2B. Plus penalties

• Total Bill: 1.8B

Naivas ran to court.

The court looked at it, and sided with KRA.

Family wakaabiwa walipe tax.

Case closed!

Lesson.

• Structure your offshore company properly.

• Or KRA will structure it for you.

[Pesa Wall @PesaWall]

MPs initiated an inquiry into why tea farmers in the West of the Rift (WoR) earn lower “bonuses” than those in the East (EoR).

Stakeholders in the tea industry had different views on why this is so.

Let's break it down from the inquiry done by the Departmental Committee.

1/12

[Spark-wil @williekip]

@WashiraX They are employees , we employed them in 2022 on a 5 year contract.