Finance Global Consulting Limited

Tax Highlights of today's HISTORICAL speech

I. 100 % Tax Relief for persons earning gross monthly income of up to Ksh. 24,000.
II. Reduction of Income Tax Rate (PayAs-You-Earn) from 30% to 25%. Page 10 of 31
III. Reduction of Resident Income Tax (Corporation Tax) from 30% to 25%;
IV. Reduction of the turnover tax rate from the current 3% to 1% for all Micro, Small and Medium Enterprises (MSMEs);
The National Treasury shall cause immediate reduction of the VAT from 16% to 14%, effective 1st April,2020;
That the Kenya Revenue Authority shall expedite the payment of all verified VAT refund claims amounting to Ksh. 10 Billion within 3 weeks; or in the alternative, allow for offsetting of Withholding VAT, in order to improve cash flows for businesses.

Sadly but with good reason we will communicate a new date later.The tax deadline still remains in June.Inbox us for business tax returns to avoid penalties.Lets all keep safe and comply to avoid KRA tax penalties.

We promised, we will keep. Be on the look out for our next "File your tax returns"training.

We would like to say a big thank you to all our partners and supporters.We wish each one of you a safe and wonderful christmas.Happy Holidays!!!

It was a first and a wonderful experience for us and our Partner dnm & Associates.
Due to demand look out for the next ,"How to file your returns training" coming in January.
Happy Holidays from us.

https://www.quicket.co.za/events/93844-sme-tax-compliance-workshop/

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Kitengela SME Tax Compliance Workshop

Speaking from experience...............

AMT at Finance Global..Taking your questions..

Still on the new company act...Did you know you can be the only Director in your limited company?Yes as opposed to the old one where it was mandatory to have 2 directors...

Was present at the ICPAK seminar, Financial Management for SME