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Lion in a grocery store 📹AI

So BTW this is why the law says Police must provide security during a protest. It's to protect the protestors from exactly this.

Let the record show that HE would rather let the country burn to ashes and rule over it than do the right thing.

His name is Boniface Kariuki not Eli Joshua seems the names got mixed up

What the hell??

Folks, draw your seats. Finance Bill 2025 was taken through the very crucial Committee of the House stage on Wednesday afternoon. The Committee of the whole House is the most consequential step because we go on a clause-by-clause amendment of the Bill. There were some notable

First, it's important to flag the fact that Supplementary Budget III 2024/25 has been tabled before the House. · Given that we have only 12 days to the close of 2024/25, you get a sense of what tabling a Supplementary Budget at this time of the financial year says about the

So what do we expect from Supplementary Budget III 2024/25? · Whereas we are yet to have sight of the Budget Books, the 2025/26 Budget Speech by National Treasury CS gave a hint as to what we can expect · The CS indicated that the fiscal deficit for 2024/25 is expected to close

I have covered the budget cycle for a while now & yesterday was the first time I witnessed the Chairperson Budget & Appropriations, Hon Sam Atandi, go head-to-head with the Chairperson Finance & Planning, Hon CPA Kuria Kimani, CBS - MP Molo . The issue at hand was that the Chairperson Budget &

Kenya's National Treasury (The National Treasury & Economic Planning) should borrow a leaf from South Africa's (National Treasury RSA ) which does a very impeccable job around costing revenue raising proposals for the financial year.

My highlight yesterday was the debate on the New Clause 30A · The gist of the matter here was a proposal by the Finance & Planning Committee to transfer the obligation of VAT payment in the event of auction of collateral to the debtor & not the creditor Musings: · Really

You might be wondering where all this is coming from, it is the decision by the Tax Appeals Tribunal on Appeal No. E023/2024 - KCB Bank Kenya vs Kenya Revenue Authority. That can be another long🧵but here's the summary: · Is VAT chargeable on the disposal of seized assets? ·

Royalties & Betting/Gaming · The House endorsed the proposal by the Finance & Planning Committee to do away with the Finance Bill's proposed widening of the definition of "royalties" to include distribution of software. This is welcome On betting/gaming... · Something that

· The adjustment on betting/gaming to provide for income tax on winnings must be appreciated in line with the amendment to Clause 16 of Finance Bill 2025 I· t is essentially a switch from subjecting winnings to income tax & introducing withdrawals in their place · The implication

So why is the National Assembly switching from withholding tax on gross winning to withholding tax on withdrawals? 2 things come to mind: · Industry data shows a nosedive in both gross gaming revenue & the betting tax outturn realised by the Revenue Authority ·The National

Significant Economic Presence Tax · The House endorsed a new proposal by the Finance & Planning Committee to require the National Treasury to gazette regulations guiding the enforcement of Significant Economic Presence Tax within 6 months · This is designed to cure the vacuum

An adjustment was also made to Clause 15 of Finance Bill 2025 · MPs endorsed the proposal to provide that in the event of a taxpayer applying for change in their accounting year, KRA will now have 3 months (& not 6 months) to response · Also, where the KRA Commissioner does not

Spectrum Licenses & Investment Allowance · MPs endorsed a new proposal to introduce investment allowance for spectrum license costs by telcos. Huge win here for Safaricom PLC, Airtel Kenya & Telkom Kenya · MPs voted to retain the 100.0% investment deduction allowance for

On Digital Assets Tax · The House made a change on the base of taxation applicable for Digital Assets Tax · It shall cease being based on the transaction amount, it will now be based on the fees charged by the service provider · I cannot believe it has taken this long for us to

Finally, We saw an interesting new Clause 41a where MPs endorsed the exemption of micro-distillers from the mandatory requirement of installing an automated, continuous piping mass flow meter. The Majority Leader tabled a very compelling submission in my view. Ends!