The government may soon start taxing content creators in Kenya should the 2023 Finance Bill sail unopposed.
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The Kenya Kwanza regime is targeting to accumulate more revenue from more sectors including mobile money transfers.
Taxing Content Creators in Kenya: 2023 Finance Bill Proposals
Digital content creators are among those who will feel the pinch of hiking taxes if the proposed Financial Bill 2023 is passed.
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The bill is currently attracting mixed reactions in the National Assembly.
The growth of social media usage has over the years led to the emergence of the hard-to-regulate digital economy.
The emerging bill seeks to collect a flat rate of 15 per cent in tax for all digital payments.
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Digital content creators of interest are those offering entertainment, social, literal, artistic or educational material electronically for payment purposes.
This bill comes at a time Kenyans are experiencing a severe economic setback.
Youths with monetized platforms on the internet will be the most affected. These include Youtubers, bloggers, and social media influencers to name a few.
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Taxing Content Creators in Kenya is a controversial move even as unemployment rates are getting out of hand.