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Kenyan telemedicine start-ups struggle to attract global investors

Despite business models by Kenyans doing well, investors appear to prefer backing founders from high-income countries. ....

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Netflix hikes rates in Kenya on inclusion of VAT tax charge

Netflix hikes rates in Kenya on inclusion of VAT tax charge
Friday May 07 2021
Summary
The Digital Service Tax (DST) in Kenya came into force on January 1 and was introduced to both the Income Tax Act (ITA) and the Value Added Tax Act (VAT).
Online video platforms have become a popular alternative for consumption of programming with their adoption fuelled by improved internet access and Covid-19 disruptions that have driven ecommerce.
The Kenya Revenue Authority (KRA) is targeting businesses and persons under the new digital taxes selling services and goods online.
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Subscription video-on-demand service Netflix has increased its monthly charges in Kenya effective May 30 after the company included in its billing a value added tax charge. ....

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Netflix rates up on inclusion of VAT tax charge

Netflix rates up on inclusion of VAT tax charge
Friday May 07 2021
Summary
Subscription video-on-demand service Netflix monthly charges have increased after the company included in its billing a value added tax charge.
Netflix has reviewed its rates to Sh1,100 from Sh950 for the standard package and Sh1,450 from Sh1,200 for the premium package.
The price hikes which take effect from end of May do not affect subscribers under the basic plan currently paying Sh700.
Subscription video-on-demand service Netflix monthly charges have increased after the company included in its billing a value added tax charge.
Netflix has reviewed its rates to Sh1,100 from Sh950 for the standard package and Sh1,450 from Sh1,200 for the premium package. ....

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YouTube to remit 24pc tax to US from content creators starting June

YouTube to remit 24pc tax to US from content creators starting June
Wednesday March 10 2021
YouTube will deduct up to 24 per cent tax for content creators outside the United States. FILE PHOTO | AFP
By ADONIJAH NDEGE
Google said all creators outside the US will be deducted taxes on their AdSense earnings.
Kenyan digital content creators with YouTube channels will start paying taxes to the United States government starting June this year.
In a statement sent to all YouTube content generators, parent firm Google said all creators outside the US will be deducted taxes on their AdSense earnings.
This will affect revenue earned from US viewers through advertisement views, Super Chat, YouTube Premium, Channel Memberships and Super Stickers. ....

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KRA eyes citizen tips in Sh894bn tax drive

KRA eyes citizen tips in Sh894bn tax drive
Monday January 25 2021
By CONSTANT MUNDA
Summary
The KRA says it expects increased participation by the public in reporting tax cheats and its staff who abet tax evasion and bribery when it finally rolls out a web-based anonymous reporting system within this half.
The taxman has been relying on walk-ins or e-mails and telephone calls made through KRA’s Complaints and Information Centre for tips.
The Kenya Revenue Authority (KRA) is banking on intelligence tips by the public to help it expand the tax net as it faces the herculean task of raising nearly Sh900 billion in the second half of the current fiscal year ending June on the back of a double-digit shortfall in tax receipts in the first half ended last month. ....

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