in 2015 having been suspended in 1985. CGT is charged at the rate of 5% of the gain. There are various exemptions on CGT provided under the ITA. The tax on rental income is a tax arising from the gains and profits for occupation of property. The ITA provides for various ways of taxing rental income; Where the rent is payable to a non-resident, the tenant is required to withhold 30% of the rent and remit it to the Kenya Revenue Authority. The tax withheld is a final tax. Where the rent is payable to a resident, if the property is commercial, the tenant being an appointed agent, is required to withhold 10 % of the rent. The tax withheld is not a final tax and the landlord is required to file their income tax in the usual way. Where the rent is payable to a resident and the property is residential, the landlord may opt to either pay a monthly rental income tax, computed at 10 % of the gross rent a (final tax) or pay the instalment tax and final income tax in the usual way. Stamp dut...
"Arms race" is a term generally for the advancement and increased quantity of weaponry and forces, in a militaristic sense. If every country has swords, they're on a pretty level playing field. If one gains archers, the rest must follow suit to avoid an easy slaughter. This gradually goes higher and higher, from black powder muskets to bolt action rifles, to semi-automatic and automatic rifles, eventually to tanks, aircraft, and nuclear weapons. The interesting thing is that to be a respected country, you have to be as dangerous as any other country. At least pose some threat to life of a nation's citizens and only then are you guaranteed the option to negotiate. This term is also quite applicable to many other parts of life. Some would say with computer security, and I disagree. Security is less about brilliant technology and more about plugging holes. At most advanced, it's mostly about isolating holes. So even as the hacker's toolkit gets more advanced, the...