Income derived through internet and electronic network will now be taxed if Parliament passes the Finance Bill 2021 as proposed. This is after National Treasury expanded the scope of the digital service tax to include income from Youtubers, bloggers, online teaching, online marketing among others. The Finance Act, 2020 which introduced the digital service tax only covered income earned through the digital market place and mainly targeted foreign entities operating in Kenya. Examples of digital services include games, e-books, cloud-based software, websites, and streaming music. Parliament is expected to make amendments and approve the proposals in the Finance Bill 2021 by June 30 2021.
Source: The Star June 16, 2021 00:56 UTC