Government has announced it will begin implementing the law on taxing of services offered through the digital market.
CS Yatani says taxing digital businesses will provide mechanism for foreigners to account for VAT on supplies made in Kenya through the digital market.
Do you own a digital market-based business? Then you should be ready to begin paying taxes for the services you offer, beginning January 1, 2021.
The government has announced it will begin implementing the law on taxing of services offered through the digital market, as a way to expand its tax base, ensure equity in taxation and make firms that are making billions tax-free through the digital space only for the incomes to be moved out of the country, pay for working in Kenya.
