Victor Audit & Consultancy Services

Contact us for all your taxation needs...
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Cell:0729355065

A budget is a plan of action expressed in financial/monetary terms for a Certain & Specific Period in the future.

Kra Tax Returns deadline is approaching.
Contacts us for your taxation needs and avoid penalties.

Pick your P9 form from your employer and contact us for filling of your tax returns.

Contact us for filling of KRA Tax Returns
Cell 0729355065

Merry Christmas

Entrepreneurship hint:
You can’t do everything yourself. Check out your strengths and focus on that while outsourcing professionals to do tasks that are not your forte / expertise.

The issue of VAT on Petroleum products has been a topic of discussion for sometime now. We need to note two critical aspects here: Fuel is a source of energy by itself and a critical component in the production process , additionally VAT is a consumer Tax . That will mean it will be borne by the final consumers . As a result , such tax will be borne disproportionately by both the rich and the poor.We strongly call it disproportionately because the poor do not have similar financial muscles to bear the impact of the tax with the rich .
Yes the govt needs money to run ,function & support development projects,this money can be found through proper tax administration or through other areas rather than touching on a critical component like the case in point.

FYI

PERSONAL FINANCES
Managing personal finances isn't an easy task.
It becomes even more harder when seeking financing from financial institutions.Those who have tried acquiring loans from banks or even MFI's will bear me witness that at some point they were asked to produce their bank statements for at least a 6 months period.
Many would ask why but its very key to any financier.Financiers are never concerned with the account balance,but by the rate at which the particular individual is able to turn around his/her cash flows .A borrower with a shorter turn around time along his/her finances is considered less risky than one with a longer turn around.
Equally IMPORTANT is the spread of the income sources and their turn around time too.

Contact us for more on management of personal finances.

The introduction of VAT on Petroleum Products (Petrol,Diesel...etc) will have both direct & indirect negative impact on the economy.
A growing economy does not increase its sources of energy-indeed fuel prices needs to be subsidised to make them cheaper .Increase in fuel prices will have direct impact on the transport-mobility of labour is highly affected.
Think about that Juakali artisan that sources for raw materials from a remote place and needs to transport them to the factory / fabrication site for more value addition. He will certainly have to transport them at a higher cost, the cost of fabrication will certainly go higher,the prices for his fabricated products will certainly be high,this will have a direct relationship on the demand of his products -certainly it will be low (Ceteris Paribus).