First K20,000 you only pay K750 taxes, VAT on newspapers removed



Constituency Development Fund upped to K5 million per constituency
Customs measures effective from tonight
Removed minimum tax on turnover has been removed.
Taxes on gains from selling shares removed
Initial investment allowances is back to 100 percent and Transport allowance also included.
Export allowances: Correct basis taxable income from export proceeds.
 Export allowance increased to 25 percent.
Social contributions towards hospitals, schools and sports development will be tax deductable up to 50 percent

Value added and other Income taxes from July 1, 2012
PAYE:K15000 tax free, next K5000 goes at 15 percent
Pensions Act: Section 13 has been amended.
Increased Corporate tax on mobile operators: From 30 percent to 33 percent.
In order to attract investment:
VALUE ADDED TAXES
VAT on machinery removed.
VAT financial services removed.
VAT on newspapers
VAT on bread removed
No DUTY ON KAUNJIKA
Tax on sachets increase by 250 percent
Medical equipment now duty free.
Duty on Water equipment removed
No taxes on Buses above 45 seating capacity
Duty free allowance for non commercial purposes now to K150,000

Comments

samwale RSA said…
Wonderful, we are still reading the news from this blog.
Dr Purva Pius said…
Hello Everybody,
My name is Mrs Sharon Sim. I live in Singapore and i am a happy woman today? and i told my self that any lender that rescue my family from our poor situation, i will refer any person that is looking for loan to him, he gave me happiness to me and my family, i was in need of a loan of S$250,000.00 to start my life all over as i am a single mother with 3 kids I met this honest and GOD fearing man loan lender that help me with a loan of S$250,000.00 SG. Dollar, he is a GOD fearing man, if you are in need of loan and you will pay back the loan please contact him tell him that is Mrs Sharon, that refer you to him. contact Dr Purva Pius,via email:(urgentloan22@gmail.com) Thank you.

BORROWERS APPLICATION DETAILS


1. Name Of Applicant in Full:……..
2. Telephone Numbers:……….
3. Address and Location:…….
4. Amount in request………..
5. Repayment Period:………..
6. Purpose Of Loan………….
7. country…………………
8. phone…………………..
9. occupation………………
10.age/sex…………………
11.Monthly Income…………..
12.Email……………..

Regards.
Managements
Email Kindly Contact: urgentloan22@gmail.com

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