Government mulls exempting startups from digital tax

kenya revenue authority kra, taxation, tax, revenue collection
Share
  •  
  •  
  •  
  •  
  •  
  •  


Kenyan Wall Street | by Mwakaneno Gakweli


The government plans to exempt startups in Kenya from the 1.5% digital tax following an outcry from local entrepreneurs.

KBC reports that the state is considering amendments in the Finance Act 2020, which would lift the burden from young local businesses which use digital marketplaces to derive income.

ICT, Innovations and Youth Affairs CS Joe Mucheri says the digital tax targets multinational players in the country who do not pay corporate tax, and talks are underway to…

Read more…


Share
  •  
  •  
  •  
  •  
  •  
  •  

LEAVE A REPLY

Please enter your comment!
Please enter your name here