Home Business Mobile loans feel the pinch of new 20pc excise duty

Mobile loans feel the pinch of new 20pc excise duty

Share


Business Daily | by John Mutua


Borrowers of digital loans will bear the brunt of the 20 percent tax on fees and commissions earned on bank credit that took effect on July 1.

All or a significant portion of fees charges on mobile loans provided by KCB, NCBA (M-Shwari), Absa Kenya, Co-operative Bank and Equity are considered as facilitation fees…

Read more…

 


Share

NO COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Exit mobile version