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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.

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

• (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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Business

Inside Jeremy Damaris’ KDM state-of-the-art studio in US after purchasing a building in cash

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BY BMJ MURIITHI

Barely five years after immigrating to the United Sates, Kenyan Diaspora media personality Jeremy Damaris has done what many of his peers can only dream of.

His media house, Kenya Diaspora Media – USA (formally Kikuyu Diaspora Media) has established a spectacular state-of-the-art studio after recently paying cash for a building in Birmingham, Alabama.

Since the news broke, well-wishers have been congratulating the entrepreneur who, besides being a radio and tv host, also doubles up as a musician and a professional Master of Ceremonies (MC).

However, the humble man from a village in Kiambu attributes the major achievement to God’s grace.

“I thank everyone who has contributed in one way or another to this immense success. God indeed can move mountains,” says Jeremy, adding that without the goodwill of his fans and well-wishers, this would only have been a pipedream.

Together with his wife Sally, Jeremy immigrated to the USA in 2015 where he established the then Kikuyu Diaspora Radio from scratch.

The station grew exponentially, becoming Kikuyu Diaspora media  and later  re-branding to Kenya Diaspora Media -USA.

“We are now broadcasting in different languages and reaching all manner of Kenyan demographics around the world,” he recently told Kenya Satellite News Network.

Learn more about Jeremy Damaris by watching the following video which is in Gīkūyū language:

READ ALSO:   VIDEO: Mkenya agombea udiwani Minnesota

Besides disseminating news and events of the day, Damaris, through KDM, has been known to reach out to persons or families in dire straits and bringing their plight’s attention to his audience.

His Youtube channel has been growing fast. Las year, he was awarded the coveted graphite Youtube Creators plaque after his channel reached 100,000 subscribers. His studio, as you can see in the photo below, is equipped to handle all manner of audiovisual content, ready for instant broadcast through various platforms.

“KENYA DIASPORA MEDIA USA has bought its building in cash. Its now Official!!, ” posted Jeremy.

“Glory to God for our new office in United States. FAITH MOVES MOUNTAINS! Thanks to everyone who participated to make this happen.#NoDebt!! #KDMFAMILYTEAM!!! #Mahigahomes #NeemaShelters #Amgrealtors #EdenparkcountryGardens #OptivenLtd #AttorneyWanjohi #GiokoTaxes #Maridadymotors and all #WELLWISHERS,” he added.

“The word compassion may have been created just to describe this true son of Africa as he has many times gone out of his way expressing the same while benevolently responding positively to praiseworthy cases many don’t pay attention to and watch without doing anything to help mankind,” says Dr Isaac Kinungi of Kenyan Parents in the USA organisation.

Others have described him as a philanthropist on a journey of inspiring and a fulfilling the dreams that brought him to America, while connecting the dots and networking with those that share common values and unity of purpose, to bring about change to humanity and society at large.

READ ALSO:   Kenyans among 78 people arrested in 'ICE' raids in US this week

 

Kenya Satellite News Media congratulates Jeremy Damaris and KDM (USA) for the latest achievement.


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Business

GREAT OFFER: Own one of these state-of-the-art apartments in Kahawa Sukari starting at Ksh 3.7M

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Introducing Sukari Heights – magnificently designed luxurious and executive residence offering world class lifestyle, starting from Ksh 3.7M.

A project of Certified Homes real Estate Company, Sukari Heights is located in the most exclusive Kahawa Sukari neighborhood just 15 minutes drive from Nairobi CBD.

Call /WhatsApp +254-711-128-128

Certified Homes is a real Estate firm that offers elegant, unique, quality and affordable homes to both home owners and investors.

We have well-tailored system of gradual and assured delivery of our promises to our clients both locally and internationally. Our team of experts ensure that all measures and standards are in place right from commencement to completion.

Our core business is to build and sell homes through off plan module – you buy a home at the design stage then we build as you pay on our agreed terms.

We offer architectural design and construction services based on consulting module to our customers – we offer consultancy services to our clients who need technical assistance from design stage to construction stage.


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READ ALSO:   Kenyan man Joseph Githua Ngumi passes away in North Carolina
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Scenic Amani Ridge the Place of Peace

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BY GEORGE WACHIURI

Earlier on today, I paid a visit to Amani Ridge the Place of Peace and it felt as though I was at the Biblical Garden of Eden!

The scenery is captivating to the senses; the flowers are dope, the fountain truly cools the mind; and as though this is not enough, the upcoming fruit trees are a sign of just how healthy being in this gated community will be.

Indeed, this is a peaceful garden that every created human being would love to be associated with.

Would you want to visit this place? Or even own part of it?

 

Call us on: 0790 300 300 / 0723 400 500


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READ ALSO:   US warns Kenyans over fake marriages, says they won't be allowed to fly out
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Special Offer: Own one starting at Ksh 3.7M


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