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Kenya's new plan to tax digital assets queried

In the absence of regulations, experts argue that the proposed digital tax will neither benefit the State nor the industry. ....

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Kenya joins Tanzania and Uganda in taxing digital transactions

The East African
Thursday January 21 2021
Kenya’s new digital tax will be charged at a rate of 1.5 per cent on the value of transactions. PHOTO | FILE | NMG
Summary
The new tax has added more financial pain to households and businesses that started the year with tax relief measures rescinded by the National Treasury.
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Kenya has joined Tanzania and Uganda in taxing digital transactions to support its depleted public coffers in an economy weighed down by slowing private sector activities, shrinking revenue collections, growing public debt and increasing expenditure pressures.
The new tax has added more financial pain to households and businesses that started the year with tax relief measures rescinded by the National Treasury. ....

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