[kictanet] Digital Tax set to increase

[Victor Kapiyo]

Kenya plans to double tax on foreign tech giants like Amazon, Netflix,
Twitter and PayPal which use the internet to market and sell products, a
signal that Nairobi is hardening its stance against the US-backed global
minimum rate on multinationals.

The Treasury has proposed to increase digital tax service (DST) to three
percent of the gross value of online transactions in the financial year
starting July from the current 1.5 percent through the Finance Bill 2022.

https://www.businessdailyafrica.com/bd/economy/kenya-to-double-tax-on-big-tech--3779440
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <https://lists.kictanet.or.ke/pipermail/kictanet/attachments/20220412/ec19a0f1/attachment.htm>