Home SK - Stocks, Property, Investment Chamas - Investment Groups BIZ - Small Business Soko - Market Wazua Life About Wazua
SIGN IN REGISTER
Wednesday, Feb 20, 2019
Groups
To contribute to these and use other features, please register.
LATEST DISCUSSIONS
Safaricom investment - query [11]
Cytonn Investments [601]
Investing In (Pezesha) Africa's best tech Platform [10]
Best Trees for a Tree Forest? [87]
SACCO Shares vs SACCO deposits [24]
Fountain Enterprises Programme - FEP [253]
UNAITAS [1160]
SACCO's end year results - Dividend Rates comparis... [125]
Safaricom Investment Cooperative [397]
Stima Sacco Dividends [9]
The WealthSmith - Foothills Nanyuki [15]
What is your experience with Suraya? [19]
P.O. Box at Posta. Corruption? [8]
Developing.....Arrests on Sacco Robber [6]
BoT Real Estate Opportunities in Kenya [1]
 
Forum Jump


Welcome Guest Search | Active Topics | Log In | Register

7 Pages«<567
SACCO's end year results - Dividend Rates comparison
Chaka
#121 Posted : Thursday, January 24, 2019 10:27:11 AM
Rank: Veteran


Joined: 2/16/2007
Posts: 2,053
Oh my,so the only way out is not to declare a dividend?
Angelica _ann wrote:
Chaka wrote:
What if the members decide to plough back the dividends as savings and borrow the same at 0% interest?
Sir invest wrote:
10% withholding tax on ANY Sacco dividend earned from Jan 2019.



You can only plough back net of w/holding tax - that is what you are entitled to.

Kulipa ushuru ni kujitegemea!

Ericsson
#122 Posted : Thursday, January 24, 2019 10:50:57 AM
Rank: Elder


Joined: 12/4/2009
Posts: 6,047
Location: NAIROBI
Chaka wrote:
Oh my,so the only way out is not to declare a dividend?
Angelica _ann wrote:
Chaka wrote:
What if the members decide to plough back the dividends as savings and borrow the same at 0% interest?
Sir invest wrote:
10% withholding tax on ANY Sacco dividend earned from Jan 2019.



You can only plough back net of w/holding tax - that is what you are entitled to.

Kulipa ushuru ni kujitegemea!



Dividends have to be declared,members will be up in arms if saccos fail to declare.
Sacco members most of them aren't keen on the tax,what matters is money
peep
#123 Posted : Friday, January 25, 2019 11:09:10 PM
Rank: Member


Joined: 3/30/2009
Posts: 49
Chaka wrote:
Oh my,so the only way out is not to declare a dividend?

Dividend declared is a tax deductible expense. If you don't declare it then your taxable income is higher. You are better of declaring a high one to reduce tax exposure.
gatoho
#124 Posted : Saturday, January 26, 2019 1:59:17 AM
Rank: Member


Joined: 1/1/2010
Posts: 498
Location: kandara, Murang'a
As I asked elsewhere, what's so special about Sacco dividends? Why not all divs??
Foresight..
kawi254
#125 Posted : Saturday, January 26, 2019 11:23:34 AM
Rank: Member


Joined: 2/20/2015
Posts: 282
Location: Nairobi
gatoho wrote:
As I asked elsewhere, what's so special about Sacco dividends? Why not all divs??


Foreign investors will run and Jubilee GoK only cares for those; local investors you got nowhere to run.

Sad that GoK is raiding Wanjiku's savings.
Users browsing this topic
Guest
7 Pages«<567
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Home | . .. Investor | .. . Groups | .. . SME | . . . Market | .. . Club SK | . ..... About Wazua | . .. Search | . ..Sitemap | . ..Support | . ..Disclaimer | . ..Privacy Policy | . ..Terms of Use | . .. Contact Us
Copyright © 2019 Wazua.co.ke. All Rights Reserved.