Fourth Wave Kenya

Image sourced from Kenyan Wallstreet A new amendment in Kenya’s Finance Act of 2018 sought to change taxing on telephone and internet services from 15% to 20%. The change is set to go live today, 1 July. The amendment has seen criticism in the country since its first announcement because a large majority of Kenyans use their phones for both internet access and communication via SMS and calls. The country has also seen the recent adoption of many new services on mobile devices. New mobile services such as applying for a driver’s license, land transfers, paying for parking, and other licensing platforms, are but a few that will see increased taxation through usage. Techweez believes that the increased taxes will negatively affect the growth of mobile phones and internet penetration that has ...