ushuru.co.ke ™️ Profile picture
May 4, 2023 18 tweets 6 min read Read on X
Budget shockers in the Finance Bill, 2023 Image
Bitcoin and NFTs now defined as digital assets that are subject to tax Image
GOK employees to pay tax on per diem! Image
All "paid partnerships" on IG and brand ambassador roles now to be taxed Image
PAYE rates gone up to 35% Image
Marketing services now subject to 5% withholding tax while the digital content monetisation is subject to 15% withholding tax Image
Sale of bitcoin and NFTs subject to tax at 3% Image
If you earn more than 500k per month, then your marginal PAYE tax rate has moved from 30% to 35% Image
LPG and fertiliser inputs now VAT exempt Image
As promised in the AMCHAM meeting attended by H.E., exported services moved from being subject to 16% VAT to being VAT exempt. Image
If as a taxpayer disputes a tax assessment by the KRA and appeals to the Tax Appeals Tribunal, they need to deposit 25% of the disputed tax Image
Daily payment of excise duty by betting companies, now codified. Image
Wigs, human hair, false beards, eyebrows and eyelashes will now be subject to 5% excise duty Image
Imported mobile phones to be subjected to 10% excise duty Image
Print, TV, billboard and radio ads to be charged a 15% excise duty if related to betting or alcohol. Image
New tax amnesty loading... Image
GOK now wants 3% of your basic pay, payable to the National Housing Development Fund. If you qualify for affordable housing, your house will be financed. If you do not qualify, your contributions go to your pension after a 7 year period. ImageImage
If you've read through this thread and would like to be kept up to date on Kenyan tax issues, email us on tax@ushuru.co.ke // #FileWithUshuru // ushuru.co.ke //

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