PwC Report indicates that no new taxes have been included in the Kenya Finance Bill 2021
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A new report by PwC has revealed that the Finance Bill, 2021 (the Bill) published on 30 April, 2021 which proposes to amend several tax laws and other non-tax laws. In this year’s Bill, no new taxes have been introduced in contrast to the previous year’s Bill, where a raft of new taxes including turnover taxes, minimum tax and the digital services tax were legislated into existence.
While no new income taxes have been introduced, the Bill has proposed to amend the definition of the term
WHILE more Tanzanians become proud owners of mobile phones, few of them are connected to the internet, leading to missed opportunities in digital economy estimated to worth billions of shillings annually.
Asian E- Commerce Giant QNET has announced plans to expand operations in the Kenyan market.
In its latest update on Kenya, the firm said it is seeking to establish a physical presence in Kenya with the intent to grow a large network of Independent Representatives.
In East Africa, QNET s regional distribution hub exists in Rwanda and while in West Africa, the company has a physical presence in Ivory Coast.
The company has over 250,000 Independent Representatives across Africa, with the goal to expand and increase this manifold.
Kenya, Uganda and Tanzania s market already has a significant number of customers and given the given the growing demand for online distribution centers, the possibilities remain endless for QNET to grow its East African presence, said QNET Business Development Manager Muqtadir Suwani.
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