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Kenyans warn MPs that 2022 election is coming as they mull over Uhuru’s 8% VAT proposal

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The government risks losing about Sh100 billion it badly needs to fund this year’s budget if MPs gang up to shoot down President Uhuru Kenyatta reservations on the Finance Bill.

Among areas targeted in the memorandum include the eight percent levy on fuel products that will see about Sh17.5 billion realised, sugar confectioneries (Sh475 million), money transfers (Sh11.4 billion), betting companies and winners (Sh30 billion), the housing fund (Sh10 billion) and kerosene (Sh9.8 billion).

HUGE DEFICIT

On Tuesday, the National Treasury presented supplementary estimates to the House, proposing to slash its Sh3.026 trillion budget by about Sh55 billion.

If the MPs make good their threat to shoot down the president’s proposals during a special sitting on Thursday, it will leave the government sweating over how it will plug the huge deficit in the budget.

Of the entire budget, the Kenya Revenue Authority is only able to raise about Sh1.6 billion in ordinary revenue – including VAT on fuel products that the MPs have openly opposed on account that it will overburden the already overtaxed Kenyans.

Treasury Cabinet Secretary Henry Rotich when he appeared before the Finance and National Planning Committee of the National Assembly on September 19, 2018. PHOTO | FILE

On Tuesday, President Kenyatta formerly cited his reasons to MPs for returning Finance Bill, 2018 to MPs for reconsideration.

READ ALSO:   Plane carrying Uhuru's delegation to Mkapa's funeral makes unexpected mid-air return

The bill – which was passed two weeks ago – gives the government the legal framework to finance its budget.

ROTICH’S PLEA

Yesterday, National Treasury Cabinet Secretary Henry Rotich pleaded with the MPs to consider the bill with the President’s proposed changes.

“We reformed the tax law in 2013 because almost everything – about 435 items were tax exempt. This was done to expand the tax base because over time, we have been losing revenue because of the narrow tax base,” Mr Rotich told the MPs.

The committee chaired by Kipkelion East MP Joseph Limo is considering the president’s memorandum on the bill that has also proposed to delete the 0.05 percent ‘Robin Hood’ tax, which had been proposed on money transfers of at least Sh500,000.

The CS instead announced that the government plans to recoup lost revenue through the 20 percent imposed on the charges the banks levy customers in money transfers, meaning that the transfer charges could still go up.

There is also a new proposal to increase the price of kerosene by Sh18 per litre, to check adulteration of fuel, as well as split the current 35 percent tax on betting companies to include the winners.

MITIGATION MEASURES

READ ALSO:   Magufuli beats Kenyatta to bag the prestigious Mandela Peace Prize

But even as the government does this, it is yet to put mitigation measures – zero rating of liquefied petroleum gas (LPG) and increasing cheap electricity connection, to cushion the poor from the high prices.

Currently, the government is only able to raise about Sh8.7 billion in the betting industry.

This will see betting companies charged 15 percent on top of the 30 percent charged in terms of corporate income and winners 20 percent.

“This is a punitive taxation measure. If you want to engage in the luxury of betting, you give the exchequer money,” Mr Rotich said.

THE VOTE

The committee is required to table a report recommending its adoption or rejection on Thursday morning.

It will require at least two- thirds or 233 of the 349 MPs to either alter the president’s view or shoot it down all together.

The MPs were also united against the taxes on sugar confectioneries, arguing that it will make the country uncompetitive in the region in terms of manufacturing – sweets, candies, biscuits, chocolate and other products.

“Why discourage local manufacturers?” Mr Limo posed. “Kenya is the centre of confectionery in the East African region. This levy may lead to uncontrolled importation,” he said.

READ ALSO:   Uhuru appoints former ODM official into cabinet as Hassan Omar misses out

Mr Rotich explained that the levy on the confectioneries is one of the sin taxes imposed by the government to regulate the consumption of such products.

He argued that the cost of treating complications related to the consumption of the products far outweighs the benefits.

“We are here complaining about the tax yet we are spending more on health challenges. By discouraging this, you are protecting the health of Kenyans, including children. This provision is meant to raise revenue for development,” Mr Rotich said.

“These are the recommendations of the World Health Organization (WHO) and it is where the world is headed.”

Nation.co.ke


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The FIVE levels of Optiven properties

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Here at Optiven, we usually have FIVE Levels of properties. Each level has its set of value additions. The levels are also based on location, proximity to infrastructure. Market prices are thus based on these factor. This ensures that we cater for low, middle and high end customers.

Here are our property Levels:

1. Plots that are Bare: They do not have any value additions on them at all. Their price range from 495, 000_ per plot.

Hope Gardens in Kajiado
Price tag Kshs. 675,000 per plot

(Read more about Hope Gardens here: https://www.optiven.co.ke/properties/hope-gardens-kajiado-county/) and Favour Gardens in Kajiado. We do not have many of this type since they are plots that are a bit far from development.

2. Limited Value Added Plots: These plots have graded roads, fence with barbed wire, power not too far and there is scarce settlement. Examples are Rafiki Gardens along Kangundo Rd. @ Kshs. 695, 000 per plot ) – Read more about Rafiki Gardens here: https://www.optiven.co.ke/properties/rafiki-gardens-kangundo-road/) and Peace Gardens in Nyeri

@ Kshs. 695, 000 per plot (this is only 500 meters off Tarmac)

3. Standard Value Added Plots (Medium Value Added Plots): On this properties; we do murrum roads, Water on site, elevated water tanks, fence by Mesh and care taker on site. Examples are:

READ ALSO:   Plane carrying Uhuru's delegation to Mkapa's funeral makes unexpected mid-air return

Shekinah Gardens in Kajiado Township

Price tag Kshs. 750, 000

– this project is only 900 meters off Namanga highway.

Shekinah Gardens – Kajiado

Watch more about Shekinah here: https://www.youtube.com/watch?v=o6pqSDS1OAo&t=14s)

Shalom Gardens in Machakos

Price Tag@ 1,295, 000,

Shalom Gardens Phase 2 Value Add Ons

Garden of Joy in Machakos

Price tag 1.495M per plot.

Garden of Joy – Machakos County

Watch more about Garden of Joy here: https://www.youtube.com/watch?v=xAIQGde-D7A&t=10s

4. High level Value Additions:

Price Tag: cash Kshs 2,295,000

We do fruits parks, playing fields, elevated water tower, piped water to every plot, we plant hundreds of trees, drainages done, power, house designs and gated community with manned security, community regulations, Home owners Association and a care taker. Example is Victory Gardens Phase Three, Four & Five.

Victory Gardens Phase 3, 4 & 5 taking a new Positive Twist

Watch more about Victory Gardens here: https://www.youtube.com/watch?v=StH4xI_7Oxg&t=1s

5. Super Prime Value Addition:

Price range: Kshs. 5m to 12.5m (determined by size of Plot)

This is where we do cabro internal roads, provision of club house, very high end entry gate, stone wall, laser wire, CCTV, water Fountain, high end Steel Galvanized 15 meter high 100,000 liters elevated tank, Orchards, green public parks, house designs, appointed Architect, registered community regulations by the county government, Home owners association, Uniformed Security guards. Two caretakers on site. Example is
Amani Ridge the Place of Peace in Kiambu.

Amani Ridge the Place of Peace – Kiambu

Watch this video on architectural projections of Amani Ridge the Place of Peace: https://www.youtube.com/watch?v=os3nubny8Vg&t=2s

READ ALSO:   Sonko apologizes for attacking Badi after Uhuru's warning  

Would you wish to own any of these properties? Get in touch with Optiven Today:

Contact Optiven Group:
+254 790 300 300
+254 723 400 500
Website: www.optiven.co.ke
George Wachiuri Blog: www.georgewachiuri.com
YouTube: https://bit.ly/2VdSuFJ


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Inside Jeremy Damaris’ KDM state-of-the-art studio in US after paying USD 160k in Cash for building

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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 $160K in 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:   Uhuru appoints former ODM official into cabinet as Hassan Omar misses out

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:   Uhuru's new shirt trends in Kenya, US and beyond - Photos

 

Kenya Satellite News Media joins in congratulating the hard-working Jeremy Damaris and his company, KDM (USA), for this achievement.


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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:   Uhuru's new shirt trends in Kenya, US and beyond - Photos
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Special Offer: Own one starting at Ksh 3.7M


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