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VIDEO: You won’t be taxed if you haven’t been in Kenya for at least 183 cumulative days in one year, KRA tells Diasporians

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In a statement to jambonewspot.com Thursday, the agency said earning income abroad does not exempt you from declaring the same since such income may be deemed to be accrued or derived from Kenya.

The agency also clarified that assets or property acquired, situated and held abroad by Kenyan citizens should be declared if proceeds derived from those assets are intended to be repatriated and invested in Kenya.

Watch related video below courtesy of KTN News:

 

“If you are a tax resident in Kenya earning income abroad that is deemed to be accrued or derived from Kenya, then such income should be declared for amnesty if you had not declared it before,” said Leah Achieng with the KRA Domestic Taxes Department.

KRA’s guidelines provide that if one is considered a tax resident in Kenya some of the income earned abroad may be deemed to be accrued in or derived from Kenya and would therefore be also taxable in Kenya if the person earning it is considered a tax resident in Kenya.

One is considered a tax resident of Kenya if the following apply:

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• (i) That a person has a permanent home in Kenya and was present for any period in the particular year of income under consideration; Or
• (ii) That he has no permanent home in Kenya but :-
o (a) Was present in Kenya for a period or periods amounting in aggregate to 183 days or more in that year of income Or
o (b) Was present in Kenya in that year of income and each of the two preceding years of income for periods averaging more than 122 days in each year of income.

Ms Achieng also added that the law however sometimes provides for relief from double taxation where the income has been taxed abroad.

“For instance, where a Kenyan citizen earns employment income from another country, or income as an entertainer or athlete from another country and that income was taxed in that country, the person can claim relief for the tax paid in that other country when making a declaration in Kenya hence there will be no double taxation.” she said.

She also added that where Kenya has signed a double tax avoidance agreement with another country, a person whose income has been taxed in that country can claim relief for that tax under the treaty and as such double taxation will not arise.

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Kenya is a signatory to the Convention on Mutual Administrative Assistance in Tax Matters which is meant to promote tax co-operation to tackle tax evasion and avoidance. This co-operation includes exchange of information and recovery of foreign tax claims.

“We are currently awaiting ratification of the Convention.” she said.

jambonewspot.com

 

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MANY PHOTOS of the spectacular retirement home Sarah Kabu gifted her husband on his birthday

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Kenya’s Bonfire adventures MD, Sarah Kabu did the unimaginable for her husband over the weekend, after making a multi-million purchase of a retirement home for her husband, a dream come true on his birthday.

The famous Jabo Jabo couple gave fans a look into their simple yet rich retirement home during the celebrations that went down in Olpajeta, Nanyuki.

Inside Kabus retirement home

The pair gave us a look of the home’s exterior, fitted with large glass windows as walls of the different rooms upstairs, each well furnished with rare exotic African furniture.

The Kabus on baecation

Surrounded with bushes and trees at a distance, the couple did not think much of having a fence around their home, open to all who would pay a visit, with a sign board at the entrance with the words “Welcome to The Kabus retirement home.”

The front yard graced the parking lot while the backyard would be where the couple hosted their social events. With long dining tables and outdoor canvas seats setting the mood for a communal feel, allowing us a view of the large projecting balcony the duo had to enjoy the priceless views of the wild.

Sarah gifts Simon Kabu dream retirement home

In the presence of close friends and family, Mr Kabu was treated to a magnificent birthday event by his wife, Sarah who made his dreams come true with the surprise of his dream retirement home in the wild.

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For Simon, as they drove through bushes and thickets, he first thought they were having a bush lunch only to his surprise to discover that his wife had brought to reality, his plans to own a private getaway in the wild when he needed to unwind from the city’s hustling.


The Kabus

Every time the couple would visit the Olpajeta conservancy, Simon would always wishfully admire “ningetaka kuretire hii place” but after Corona happened, his plans stalled. Hardly did he know that his wife was busy taking huge bank loans to give him his dream retirement home. What a love!

Have a look at the Kabu’s rich retirement home.

The Kabus

Kabus

Sarah &Simon Kabu

The Kabus getaway

Simon Kabu birthday

Mr Kabu birthday

Kabus’ retirement home

Inside The Kabus retirement home

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The Sun is now Setting on your Chance to be Part of Amani Ridge the Place of Peace

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With only 26 plots measuring 1/4 acres remaining, the window to own a plot of land at Amani Ridge the Place of Peace is now closing. As this is happening, the cost of these plots is now set to move up by 20%.

Here is the good news though; you still have a chance to secure your property before this change takes effect.

As this window slowly closes, the value additions are tripling as we are now headed to start internal roads murruming before we finally lay cabro on the same streets. On the other hand, the Kenya Power contract to lay underground power is right on the heels.

At the same time, the Razor Wire installation on Wall of Happiness and Wall not Knowledge (1.4Km in length) is also set to start next week.

Meanwhile, we are heartily celebrating the completion of the four walls surrounding this top gated community in Kiambu (Wall of Peace, Wall of Wisdom, Wall of Happiness and Wall of Knowledge).

As we share this update, the laying of paving blocks (cabro) on a one acre gate-area is ongoing as you see on the accompanying photo.

This cabro works on the estate’s driveway has been designed to give all families and visitors coming into this gated community an inviting welcome.

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Do you want to know how to be part of Optiven Family?

Call us now: 0790300300 or 0723400500
Website: www.optiven.co.ke

Experience the difference

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What’s Happening at Victory Gardens – Kitengela

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Effectiveness of Gated Communities in Providing Safe Environments for Childrens’ Outdoor Convenience

Due to safety factors, children use of outdoor spaces can be limited.

Victory Gardens, a residential gated community with access control and guarded area has been deliberately developed to give parents peace of mind as they get about their daily business without worrying so much about the safety of their children.

The Children’ Play Park along Mwangaza Avenue was also designed with children that are brought up in this gated community in mind.

This project’s Care Taker, Mr. Ondiek and his team have a brief to make sure that the grass is well manicured to make this space as safe as possible for children.

Why not secure a site visit and invest in your children future?

Call us on: 0790300300 or 0723400500
Website: www.optiven.co.ke

 

~Experience the difference ~

 

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