DST should only apply to foreign companies - News Summed Up

DST should only apply to foreign companies


The DST is calculated at 1.5 percent of all digital transactions in Kenya. However DST in Kenya is likely to be paid primarily by local companies and not by international companies. For digital start-ups, the DST may be the kiss of death as it will come on top of the 1.5 percent minimum turnover tax. More importantly, it will be a disincentive to creating a digital consumer economy in Kenya. The government should revise the DST so that it does not apply to local companies and applies only to foreign companies in Kenya.


Source: The Star April 30, 2021 00:56 UTC



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