Kenya's proposed microlender tax prompts industry confusion
Industry insiders say they have received conflicting guidance on how the proposed 20% excise duty will apply to their operations.
Source: african.business
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Concern as Kenyans borrow from multiple digital lenders amid financial constraints
Digital credit providers have raised concerns over the increasing indebtedness in the country, which has been occasioned by the harsh economic times.
Source: citizen.digital
High tax on digital loans excluding millions from credit market
The 20% excise duty was introduced in 2022.
Source: the-star.co.ke
Digital lenders reject 20pc excise duty proposal on loan interests
NAIROBI, Kenya, May 25 - Digital lenders have rejected a proposal requiring them to remit a 20 percent excise duty on loan interest. While giving their Kenya breaking news | Kenya news today |
Source: capitalfm.co.ke
Digital lenders oppose the 20% Excise Duty proposal
They say this will lead to unfair playing field with commercial banks.
Source: the-star.co.ke