National Treasury Cabinet Secretary Ukur Yatani has gazetted the Digital Marketplace Supply Regulations, 2020. “These Regulations may be cited as the Value Added Tax (Digital Marketplace Supply) Regulations, 2020,” Yatani says in the gazette notice dated September 25. Taxable supplies made through a digital marketplace shall include electronic services, downloadable digital content including downloading of mobile applications, e-books and movies. Tickets bought for live events, theatres, restaurants purchased through the internet, the supply of digital content, transport hailing platforms and any other digital marketplace supply, as may be determined by the Commissioner KRA, will be taxed. This means popular digital content and service providers such as Google, Amazon, Jumia and Netflix will be affected.

Source: The Star October 08, 2020 00:56 UTC