During a funding session for entrepreneurs last year it was revealed that Kenya has an amnesty for people to declare offshore wealth and repatriate this and that the country expected $3 billion in extra collections from this initiative in 2018. The Kenya government currently collects tax revenue of about $14 billion a year and there was a question on if the additional funding generated could become a source of competition for local private equity funds.
The actual notice was first published in July 2017 by the Commissioner of Domestic Taxes at the Kenya Revenue Authority (KRA) and read “The amnesty under Section 27B of the tax procedures act is meant to provide a one-off opportunity for Kenyan residents to declare assets and income and voluntarily repatriate the foreign-held assets to Kenya and invest in development of the country”
Applications, filings, and returns are to be made on the online KRA “itax” system before June 30, 2018. If funds are not brought in by that date, there is a five-year window (up to June 2023) to bring the funds back, but with an additional 10% of the amount repatriated as a penalty.
Married couples may file for the amnesty jointly, while assets and income that are in the name of minors can be declared by their parents or guardians. But anyone who had been assessed by KRA or was under investigation or audit over their income and assets prior to the amnesty is not eligible.
Companies this week looking for Kenyans to go work abroad
KBR, the global engineering & and construction subsidiary of the Haliburton Corporation, is seeking people to go work in the Middle East & Central Asia for a variety of positions including transport & maintenance, craft & trades, logistics, and management & administration. Apply online.
Cabin crew at Qatar Airways. Apply online by January 12.
Various jobs at Investments & Mortgages (I&M) Bank (Details should be here soon) including;
- General manager finance & corporate planning
- Manager risk management
- Relationship officers/managers
- Manager liability management (Nairobi)
- Manager finance & administration
- Human resource officer
- Credit officers (Nairobi)
- Compliance & quality assurance officer
- Management trainees (people aged 22 – 25 who have studied abroad in the UK, New Zealand, Australia & Canada are encouraged to apply)
Apply to the group human resource manager at email@example.com or p o box 30238-00100 Nairobi by April 25.
Website officer at the Kenya Anti Corruption Commission who will be in charge of day-to-day management and maintenance of a their site. Apply to the director, KACC p o box 61130-00200 by April 25.
The Electoral Commission of Kenya (ECK) is conducting a voter registration in preparation for the constitutional referendum. Unfortunately (for most of you who read this site), Kenyans in the Diaspora have not been considered. Still you can ask the ECK why at firstname.lastname@example.org. Or you can take an early summer holiday, as the deadline to register is May 30th.
One reasons employers in the US like Kenyan [and other (il)legal African] workers is that they have the basis “soft skills” to functions as employees, something that many Americans lack – e.g. punctuality, a willingness to accept supervision, ability to work in a group, reading and math skills and speaking & listening habits.