The Crazy 2024 Finance Bill. How it will drive many into poverty!.
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- čas přidán 13. 06. 2024
- The propose 2024 Finance Bill of 2024 is regarded as the most steep one and a lot of Kenyans are very worries that if it passes will really push them into poverty. They are crazily messaging their member of parliament to bring it down.
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High borrowing high taxes high corruption high poverty
The problem has never been taxation sir. The problem is, taxed moneys are always stolen by the peabrain tumbocrats in public offices.
Also, you're a good teacher. Thanks for your services.
Hey Joseph! I'm from Ethiopia and most recently I have been following what is happening in your country after I watched many tiktokers from Kenya, These are the big celebrates and what they are saying about this bill drawn me into more attention, and make me do more research about the Kenya 2024 Finance Bill. This sounds so crazy and very scary if it's happening and I believe that Kenya is gonna be a different world from other African countries because even our tax policies do not relate at all. Where did your president and parliament get that system from? Even if the president is rushing to pay back the debts of the country, He should slow down, and he should consider the decent families who cannot afford this...
Very unfortunate
The president is doing U.S bidding. We've been sold to IMF and World Bank which are controlled by the U.S.A. They will infiltrate everything and tax us to death and introduce GMO. Even cancer treatments are being taxed, food, menstrual pads, imported goods. Everything, I mean everything.
Good teacher!
Yes i subscribed asap keep it up ..
Tuned in
The taxes on the cars are absolutely insane. Much love from Ghana 🇬🇭
Thanks lots 👍👍
This is the best time for Investment for smartboys
I see investor and donors leaving Kenya as soon as soon.i see citizens actually leaving this land
I keep telling every young unencumbered person I encounter to leave while they can. This is fast degenerating into a nation of majority paupers and a tiny extremely, fabulously wealthy minority. Being middle class is not only becoming impossible, it actually looks like a dumb move.
As investors leaving Kenya the commodity prices like cooking oil will rise.
Thanks for this❤
You have said it already man OUR MPS WILL BETRAY US period..we know that already hakuna kitu ingine definitely they qil receive tokens a side and deal done ..thats it ....
There are taxes on new vehicle purchases and annual ones for the cars in with some exceptions in all European countries, some pay more some less. After tax price of new car can be 2 - 3 times higher than pre tax price.. Annual car tax can be higher than car is worth.
Taxes in Kenya are pretty low with bellow 15% salary tax, low VAT, food no taxed, fuel not taxed and people avoid taxes like plague (especially businesses with that absurd 30%. tax)
Overall low tax to GDP ratio. Want roads, schools, hospitals? Then have to pay taxes, there's just no other way around this
The so called motor vehicle tax is absolute nonsense. There is no country that imposes that kind of tax. Remember you pay tax when you are buying and the only thing you should Pay is Road licence tax and insurance. The government is killing businesses and will end up collecting less taxes.
In the USA some states have a luxury tax that applies to 5hibgs like boats. You have to pay every year. One of the reason big yachts are registered in tax havens.
@wiredvibe1678 bure kabisa
You can not solve your problem by looking at others
We are kenya we have kenyan problems
@fredTek I was giving an example of a similar tax. The fact is, when you tax something, you reduce it. That's the logic behind taxing cigarettes and alcohol. This tax will reduce new cars in kenya.
@wiredvibe1678 so USA should deal with tornadoes and fires the way we deal with them here in Kenya
@@fredTek we don't have tornados in keny???? Idk, your comment not making a lot of sense.
No, not if the returns are filed by end of this month. And the way the process is swift: less than 3min for nil returns, 5min for ordinary returns and less than 10min for P9A returns. Cybers do it for 100bob or less.
It has never been tough this way but,this time round things are comlicated
Nikutough I tell you. But tunapambana tu
Dont hope for the Mps to be considerate Dont ... Don't and Don't again.....maybe a small percntage of them ...
The maximum cap on circulation car tax has been done away with GJ.
You are analysis economics on one point of view,,, cut in expenditure can cause recession
Imagine of the so called middle incomers more especially civil servants. Think of PAYE, this civil servant he is the one who has a car- attracting car circulation tax, ⛽ levy etc. He also has housing levy and so forth. So hard! 🤔 🤔
Taxes with out representation...that's why America's fought in the 1900... In kenya there's no check's n balance...ruto is using his cabinet to get wealthy...but his forgotten that even biwott died very lonely and rich ruto you will end up living in foreign lands not Kenya my friend the blood in your hands is tooooo much Karma is a bi...cth
Infrastructure bond zinakuja July if I'm not wrong. I also heard that in lands, the govt authority will now have all authority on freehold lands and they will all be on lease.
8:13 KRA already has acces to your income if you are in civil service.
New subscriber... analysing this kabla niende maandamano kesho...(20th)
Sasa tokea tuandamane more on Tuesday ju ya hawa walisema 'Yes'
@Mwangi_Routine they will not believe
This is the german system.
Paying for the old and the coming Generation.
Hey, I wish you could talk about how we can use tax to our advantage because I know the finance bill will be voted in
Aged like milk ...
Joseph they have removed the cap! They will pay the value of the car for everyone!
Hata matajiri wataumia
Both Matajiri na maskini wataumia. Tajiri analipia tax mathree yake then anapandisha transport cost for masafara.
They were also supposed to remove the lower cap.... 5000ksh cannot be the minimum... This is still hurting the hustler
I would love one day all people fighting these taxes to give a their alternative proposal on how to pay debts , fund development and provide services. Please i need someone to give us a realistic alternative in which kenyans dont pay pore taxes , we dont default on debt and government continues providing services
Government to stop taking loans
Stop corruption, theft of public resources. Use the existing taxes efficiently
We need a *MUCH* leaner government. Start by scrapping the position of CAS. We know they are there purely due to political cronyism and they are not doing anything that wasn't already being done within the existing ministries.
Two, streamline government payroll by weeding out ghost workers in all government and parastatal offices, once that is done move to the counties. After that start accounting for every shilling spent everywhere, from the mega projects to how many mandazis are bought for breakfast. And speaking of projects, let Kenyans stop being so corrupt and over-quoting on everything. Yes there are people who became wealthy by stealing, but we all cannot steal and expect to have a country that isn't in shambles. It's very simple math. At some point we will have to face ourselves and start being ethical.
Three, teach Ruto how to use Zoom, his galivanting about the globe is extremely expensive and he has nothing to show for it except a well-stamped passport (do heads of state use passports?).
Finally we have to stop digging this hole deeper by borrowing more. The borrowing is not justified while Kenyans pockets are being bled dry at the same time. It doesn't add up, there are clearly huge money leaks somewhere. Unfortunately only a few are benefitting, while the rest continue to struggle.
Funny you say this when we are just concluding public participation where all kinds of people gave alternatives. They did the same last year. No one is listening, and the people elected to represent us are only there to receive brown envelopes.
All the above and increase the tax bracket more investors more jobs and have good policies in place that ensure this foreign companies reinvest their profits in Kenya.
From your interpretation of the bill, I realise it will hurt kenyans.
I live outside Kenya and that part of the tax on cars doesnt exist where i reside.
Eventually I cross fingers like most Kenyans for the bill to be rejected.
Try Zimbabwe, we have a 90-95% duty tax for all cars 😅😅😅😅
Ooh my God
This people are complicating life day in day out. It's so sad the people we chose to put in power are no longer considering the common mwanainchi😢
You put them in charge of a collapsing company, they have to restructure and make painful decisions for you , when for every shilling they collect 7 go to debt then you have to collect more to provide services otherwise you will pay debts and provide no service
The government gets alot of money on a daily....the issue with our country is that even our previous president admitted that money disappears and they dont know where it goes....most politicians use politics as a way of earning alot of money not even helping the people...some are good but most its funny coz even random musicians in our country want to join tge parliament howw? This is somene who thinks that because he has clout he can be an mp....yet they are unaware about politics.What am trying to say is that....politics in kenya with some politicians is a way to make moeny....it is hard for a rich man to enter the kingdon of heaven nobody is perfect but millions and millions of people suffer in the hands of politician...Be a politician....grab as much money.....fatten your bank account...people suffer....And the loan trust me they tooksome of the money for themselves. So the people have to pay off rhe loans we didnt ask for in the first place.....we have to pay loans for the politicians who fatten their pockets and dont be surprised some are exempted....some use choppers live large which is okay but its sad that the money set aside for the people sometimes is used for some politicians bellies.Remember all these they will leave on this earth.They squander money knowing that we will pay anyway...tell the politicians to pay.......politics is a dirty game....this daying proves alot.The funny thing is KRA has access to yiu finances and they see how yiu earn and whether yiu pay taxes.....No privacy at all
Enda kwa piont bana,ukona story mini san
unaenda maandamano ama
That’s the life we have in Europe.. Tax everywhere..
The issue is not tax...the issue is we are not seeing any development...the money is just going to personal benefits
This is cruelty 😂😂
Eventually you need to find that extra shilling somewhere, you can squeeze the able [ car owners] or squeeze the poor directly.
The "able" are also the same ones capable of putting pressure on government or making noise on social media ... Especially when things like Helicopters are tax free.
They are not a good group to antagonize.
What if you have more than 5 cars ?
Hello good Joseph,.can you talk about filling returns for KRA PIN holders and the penalties involved because i have never filled since i got the pin in 2019
Do it before 30th of June 2024 as ALL penalties are waived.
Kimbia haraka sana kwa Cyber u file all pending returns, on this special amnesty period
You will still pay 2000 for every single year you forget to file as penalty
@@kennedygathenge554 no it's free this is an amnesty till 30th June.
2K but the process is stressing.It might be more if you are in a government job
Imagine
😂 ' Authority' not a service
😂
Its called matwana in SA
Matwana is a Swahili word for such public service vihecles
You should highlight the bill clearly and strategically. You lost trail of thought all the time.
Aki naskianga thithi when you're writing on that board 🙆🏿♀️😂 which makes me not to continue with video.
Very punitive
Hi brother Joseph, I need your help
I forgot my zimele password
What should I do
Call him directly
Click on forgot password!!
And next time save your password on email there will be no need to forget
You are all over the place rumbling not breaking it down properly.
Please any country that pays the motor vehicle tax?
edmv.ncdot.gov/TaxEstimator/
edmv.ncdot.gov/TaxEstimator/
edmv.ncdot.gov/TaxEstimator/
edmv.ncdot.gov/TaxEstimator/
edmv.ncdot.gov/TaxEstimator/
No you are sacrificing the future generation not the current generation
Hi good joseph,am the first one to comment and am sorry your video has no sound😢
Check the sound system of your device
Gachagua is the hope of Kenya. He is speaking up
How has he changed so fast.....this is the tragedy that befalls Kenya., thinking that a person who tells you the problem will solve them
Jesus is the only hope
Will the dollar increase? Kindly answer
The dollar is crashing and it will soon loose it's value so avoid it like a plague
The dollar will forever be king of all currencies@@the254system
It's increasing 😂😂... At 129.79 as at now
@@kojwangdocumentary9976 it's 120..😂
Bro take my subscription bana
Thank you very much for your support
This is a potentially nice video but you're taking too many tangents.
Yes it’s called moms here in Sweden. The problem is that Kenya can’t handle such pressure on their economy due to the reality of Kenya’s industrial power. There is none and therefore if such tax is implemented Kenya 🇰🇪 as a nation will poverish like Sudan Somalia and only the very rich in Kenyas 3 largest cities Nairobi Mombasa and Kisumu will survive maybe Nakuru and Eldoret. So Reject the financial bill 2024 it will just impoverish the country. And government debt can only be solved from Kenya being self-producing and not import.
Too much unnecessary stories. Keep in short amd sweet😅
Go start your channel.. 😂
Currently in yueseh we pay 25%for the cars😂nyi watu si mnapembelezwa na hustler
Are you talking about car sell taxes? I’m confused
25% for which tax, exactly, and is it a one-time tax or recurring?
There is 100% duty on new car imports. This plus this tax only the richest among us will be able to afford a new car. I
Huyu anabonga nn? Yues walifanya her people rich kwanza ndio waanze kutax...uku kenya karibia kila msee ni poorer..stop shit talks..nkt
You only pay that during purchase of the car this one is annual.
You have to pay 2.5% of the initial cost of your car every year and it has no exceptions
So great to see you, the Tanzania financial mentor and coach
You are a greater content creotor(Joseph) with nice content but you never grow on CZcams, you really need to change editing style in your video, you Don't make any a real progress on youtube views, just because lacking those ideas, please edit videos vide prefessionally, upload 5 videos a week, after a month, you will thank me later.
Thank you very much the positive correction. I highly appreciate your input and suggestion. Change is on the way