How Do They Owe Tax If They're Not Making Profits

Mangele

Village Sponsor
#7
That's the point. You have to file taxes and show how and where you lost money.

How did you expect KRA to know they lost money? This is why people are telling you you're displaying ignorance.

Quit repeating the same shit over and over.... :D:D:D

I Know that. But they made losses in 2021, which they could use to cover tax payments this year. They lack clever lawyers and accountants
 
#12
The meaning of tax is a portion of profits. Utalipaje tax kama hujaunda doo. Seems like they need to hire new lawyers

View attachment 411141
Excse tax, VAT, PAYE are not based on profits.... And since they were not compliant for many years, there must be significant penalties, fines and interest on income tax in previous years when they used to make profit....
 

Simiyu22

Village Chief
#15
The meaning of tax is a portion of profits. Utalipaje tax kama hujaunda doo. Seems like they need to hire new lawyers

View attachment 411141
The reason Keroche was in trouble was they understated taxes in yesteryears. Which resulted in a payment plan to KRA to save their asses. Now if they lost money during Covid , all they had to do was renegotiate the payment plan.
 
#17
They understated taxes on products for years. It’s a fact and in public domain. They would under declare alcohol content in different brands leading to lower taxes due. But the government nabbed them.
But it’s a political year. Blame it on the boogie man.
Ohhh. Where was the taxman when Raila's ethanol firm was caught dodging taxes? Where was the taxman when CBA/NIC got a 400 million tax relief from the taxman?
 

Micymas

Village Sponsor
#20
My goodness. The biggest share of taxes does not come from Income Tax. It's from PAYE and VAT
even then, why should I pay tax if am not making anything, you guys are not seeing what am seeing. Hii ni serfdom where you pay a set amount to the government whether yo make money or not. How can you claim to be a business if you are not doing any business. Yani uamkange kila siku ukatafutie serikali pesa
 

Top