Bismillah-ir-Rahman-ir-Rahim. Still here, just hidden where the light cannot reach. A shadow among shadows, a whisper lost in the silence. Come find what remain
Kenya
Joined February 2011
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kenyanthoughts (Ole Utuku) retweeted
Appointments to State Corporations & Data Commissioner's Office.
kenyanthoughts (Ole Utuku) retweeted
Emotional retards walituambia crowd ya Linda Mwananchi ya Sifuna inakuwanga organic, no bribes.
Here is an instance of strict adherence to the constitution and the rule of law before the Kitengela Rally.
Women are all the same, once you install them, they will always want to pop up
kenyanthoughts (Ole Utuku) retweeted
What the CEO of Nvidia saw before leaking all the secret information about the new ai chip
JUST IN: 🇺🇸🇨🇳 Nvidia $NVDA board launches investigation into CEO Jensen Huang's relationship with Chinese spy after he admits having an affair.
kenyanthoughts (Ole Utuku) retweeted
An engaging interaction with the women of California, Eastleigh, providing an opportunity to hear their views, understand their concerns and appreciate their role in community development.
Kenyans are very different from other Africans. There’s no way you’re in the US, 2 brothers, one of your brother who’s based in Kenya passes away and you can’t take his daughter who’s supposed to be in college 3 yrs down the line. These are not Kenyans by the way.
Where I come from, it is an abomination to impregnate your neighbor’s daughter as it’s considered that you’re family and from the same clan.
Where I come from, if you're accused of impregnating a neighbour's daughter and you deny responsibility, they don't normally quarrel with you while the girl is pregnant. They believe it's not safe to do so.
Instead, the girl is allowed to deliver, after which four women from your family, including your mother, are sent to "go and greet" the baby.
They return with a report, and that report is final. If they say the baby belongs to your family, please start making arrangements for marriage. If they say it doesn't, the girl is advised to go and look for the actual father.
Apparently, women are masters of what we call eye DNA.😂
Somebody’s girlfriend is annoyed with me coz I refused to sponsor her trip to go upcountry to see her parents. Kazi ya boyfriend ni nini?
Nikipita hapo juu ya expressway, nainua shingo kidogo niangalie showroom kama hii watu wameuza gari yangu 😁
kenyanthoughts (Ole Utuku) retweeted
I always pass there on my way to Namanga to buy yoghurt. Great place. @fredomachoka, the blackest man in black Africa, as he used to call himself, is always there to personally make sure guests are comfortable. Good man!
kenyanthoughts (Ole Utuku) retweeted
Agriculture (anywhere) is first a commercial income/economic activity. Food security is an important co-benefit & policy goal rather than the sole organizing purpose. No private citizen invests money & time eti to make Kenya or USA food secure. Hiyo ni spinoff tu
kenyanthoughts (Ole Utuku) retweeted
In the real world,
If I owe you Sh 200,000 and you owe me Sh 100,000, we can simply agree that I pay you the difference of Sh 100,000 and the debt is settled. Isn't it?
Now, imagine I tell you I cannot pay you your 200k until you first pay me my 100k.
That you must go and find the money, pay me, then I will look for 200k and pay you.
How insane is that?
That is exactly what KRA did to Easton Petroleum Ltd.
Over several months, Easton had accumulated an outstanding VAT liability of about 12 million.
In subsequent months, however, it accumulated valid VAT credits of 19 million from its purchases.
Meaning, even after settling the 12 million liability, KRA would still owe Easton about 7 million.
As Easton was busy praying for its fuel to cross safely through the Strait of Hormuz, KRA was busy hatching a plan to drown its business.
When the plan was finalized, KRA swung into action.
KRA sent Easton demands to pay the 12 million. When Easton explained that KRA was holding 19 million in valid VAT credits, KRA got tired and froze their bank accounts.
Next morning, Mr. Yakub, Easton director tried to send money from the company's accounts. Pesa haiendi. He tried to deposit money, pesa inaingia. He Wondered what witchcraft had entered bahali yake.
He called his bank manager to report the witchcraft, only to be told that KRA had frozen the accounts and ordered the money in them transferred to KRA.
Easton was officially stuck. It could not pay suppliers, transporters, employees or anyone.
Then the accountant came up with a plan.
- We owe KRA 12 million. But KRA owes us 19 million. Let us formally apply to have the 12 million deducted from our VAT credits. That way, the debt is settled and KRA will still owe us 7 million. The Tax Procedures Act provides for this.
Director said perfect.
Haraka haraka, they sent the application to Times Tower.
When KRA saw the request, KRA ran mad and instantly rejected the request.
Its argument was that excess input VAT should be carried forward to subsequent tax periods, not used to offset past tax debts.
Easton got tired, ran to Court and argued that.
KRA had violated their legal right to have their tax debts deducted from their overpaid taxes.
The tax tribunal agreed KRA had acted illegally and unreasonably.
It held that where a taxpayer has sufficient available tax credits to cover an admitted tax liability and formally requests a set off, KRA must fairly and reasonably consider that request before resorting to enforcement.
The Tribunal then ordered KRA to:
- Set off the KSh 12 million liability against the available 19m credit.
- Unconditionally unfreeze Easton bank accounts
Case closed.
Lesson.
- If KRA is holding valid tax credits belonging to you, you have a legal right to apply to use those credits to settle your outstanding tax liabilities.