Mon. Sep 16th, 2019

GUSII STAR

Serving the rural People

Techpreneurs urge for friendly terms in Taxation

2 min read

If you are an online entrepreneur and you have not been paying taxes, your tax holiday is about to end.

Kenya Revenue Authority is working on policies to start taxing e-commerce companies even foreign ones such as Netflix in order to grow its revenues, KRA’s policy manager Githinji Gathirwa has said.

He was speaking on Friday at Hilton hotel in Nairobi where KRA hosted online entrepreneurs for a taxation forum.

“Our expectation as online entrepreneurs is that KRA will introduce friendly taxes to make it easy for upcoming and existing online traders to grow,”  Timothy Munene, representing the Online Professional Workers Association of Kenya said.

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Kenya Revenue Authority@KRACorporate

“If you work from home, assuming that you don’t have a Single Business Permit from the county government then presumptive tax will not apply but you can calculate your sales and subject your profit to Income Tax under the graduated scale.” ~ Githinji Gathirwa.#eCommerceTax

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In 2017, Kenya was ranked third in Africa in e-Commerce, with an estimated 2.61 million users, according to KRA chief manager, stakeholder engagement and events management Beatrice Mundia.

“The challenge we are facing on taxation of non-resident organizations that make money from Kenyans is visibility of the point of payment, this is an international challenge and it’s currently being worked on,” Gathirwa said.

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