Julians Amboko (@AmbokoJH) / X

Julians Amboko

27.9K posts

Julians Amboko

@AmbokoJH

Host #BusinessRedefined & #CFOChat on @ntvkenya Research Fellow, Tax Research Centre @StrathU

Nairobi, Kenya

Joined March 2013

Pinned
Julians Amboko
@AmbokoJH
May 26
Should the taxpayer still bear the burden of proof in instances where a tax dispute with the Revenue Authority is based in pre-populated & third party data? In my submission before the National Assembly's Finance & Planning Committee on behalf of the Tax Research Centre at
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Julians Amboko
@AmbokoJH
Jul 31, 2024
Court of Appeal Judges Kathurima M'Inoti, Agnes Kalekye Murgo & John Mativo have ruled that Finance Act 2023 fundamentally flawed and therefore void & consequently unconstitutional. 2 key things: · With Finance Act 2023 rendered unconstitutional, null & void, we revert to tax
Julians Amboko
@AmbokoJH
Sep 28, 2022
"All ambassadors & high commissioners, 70% of their work will be to look for new markets & expand existing ones. All ambassadors & high commissioners will sign a 2 years MOU with us on what they must deliver in terms of enlarging markets" Dep. President - Rigathi Gachagua
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Julians Amboko
@AmbokoJH
Jul 22, 2024
Folks, After the very long wait, the Public Debt Management Office has finally made public the External Debt Register as at June 30th, 2023. It's a late release but hey, what are we seeing here? Some thoughts.
Julians Amboko
@AmbokoJH
Jun 18, 2024
Folks, The National Assembly Finance & Planning Committee's report on Finance Bill 2024 is finally out! The report is quite loaded with wins, gains & quite a number of unclear areas where the Committee seemed to be giving mixed signals as to what its recommendation is. Here's
Julians Amboko
@AmbokoJH
May 1, 2025
Folks, Finance Bill 2025 is out! The last time we saw Finance Bill close to this lean in pages was in 2021 (47 pages) & that was coming on the back of two COVID-19 induced Tax Laws legislations. Some key highlights from my reading. A 🧵
Julians Amboko
@AmbokoJH
Jun 30, 2024
Tonight, President William Ruto has said that 2024/25 borrowing will be at Kes 1.0 trillion following the decision to withdraw Finance Bill 2024. This is huge & begs one question - are we still expecting Supplementary Appropriations Bill I 2024? Did the President mis-speak on
Julians Amboko
@AmbokoJH
Jun 23, 2024
In many ways, Finance Bill 2024 is for the history books. It has emerged that we have two reports on the bill from the National Assembly Finance & Planning Committee. The 390 pages report which most of us have seen (see quoted 🧵 for the break down). Then there's a 434 pages
Julians Amboko
@AmbokoJH
Jun 18, 2024
Folks, The National Assembly Finance & Planning Committee's report on Finance Bill 2024 is finally out! The report is quite loaded with wins, gains & quite a number of unclear areas where the Committee seemed to be giving mixed signals as to what its recommendation is. Here's
Julians Amboko
@AmbokoJH
May 11, 2024
Finance Bill 2024 is out: · There's a clear effort in the bill to lean more towards Appropriations in Aid than we have seen in preceding Finance Bills · Medium-term Revenue Strategy promised us a clean up of VAT exemptions & zero rating, the bill goes heavy on this · There's a
Julians Amboko
@AmbokoJH
Feb 22, 2023
Finally!! Starting next month the process of onboarding for a CDS/Portfolio Account for T-bills & T-bonds investment will be done without having to physically present oneself at CBK (& we haven't even mentioned the trip to your bank thereafter). This is long overdue
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Julians Amboko
@AmbokoJH
May 4, 2023
Finance Bill 2023 is out! Here are 10 things I think you need to know. A 🧵 1. If you earn Kes 500k+/month, Treasury is proposing that your PAYE be graduated to 35.0%. This is a proposal to amend the 3rd schedule of the Income Tax Act.
Julians Amboko
@AmbokoJH
Feb 12, 2023
Saccos Dividends 2022 1. Harambee Sacco: 8.0% deposits, 10.0% share capital 2. Tower Sacco: 13.0% deposits, 20.0% share capital 3. Nation Sacco: 9.5% deposits, 18.0% share capital 4. Safaricom Sacco: 9.0% deposits, 14.0% share capital + Kes 5.2M honorarium (0.8% of surplus)
Julians Amboko
@AmbokoJH
Jun 21, 2023
184 MPs have endorsed the adoption of Clause 28 in Finance Bill 2023, effectively revising the rate of Value Added Tax (VAT) on petroleum products from 8.0% to 16.0%. As expected, it's precipitated a storm How did we get here though? A 🧵. The story begins in the mid 1980s
Julians Amboko
@AmbokoJH
Jul 6, 2024
Law Society of Kenya says it will not be party to the taskforce appointed to audit public debt
Julians Amboko
@AmbokoJH
Jul 5, 2024
The membership of the taskforce on Kenya's public debt audit: · Chairperson - Nancy Onyango (I have asked whether it's the former IMF Director, Office of Internal Audit. I am waiting for clarification) · Vice Chairperson - Prof. Luis G. Franceschi Members: · CPA Philip Kakai,