
Bolt drivers’ commissions to attract 16pc VAT tax
- Published By The Statesman For The Statesman Digital
- 3 weeks ago
Commissions earned by Bolt drivers will henceforth attract 16 percent value added taxes (VATs) after the passage of the 2023 Electronic, Internet and Digital Marketplace Supply Regulations.
Over the past 15 months, Bolt has absorbed the VAT obligation on behalf of drivers, cushioning their earnings.
The application follows a guidance from the Kenya Revenue Authority (KRA) and the National Transport and Safety Authority (NTSA).
“Our focus remains on compliance, fairness, and sustainability,” said Dimmy Kanyankole, General Manager, Bolt Kenya and Tanzania.
“We are committed to supporting our drivers through this transition and will continue to engage them through awareness and education and offering them opportunities to ensure they maximise their earnings.”
Read Also: Equity Bank Announces Ksh48 Billion Profit
This comes at a time when drivers are battling with high fuel prices that have eaten into their earnings.
Likewise, online tax business has been hit by low demand amid tough economic challenges facing Kenyans.
Share on
Tags
SHARE YOUR COMMENT
MORE STORIES FOR YOU
Trending Stories
DJ Mo’s former illicit lo...
- Published By Jane
- January 15, 2024
Mapenzi! Zari and Tanasha...
- Published By Jane
- October 24, 2023
Zuchu Speaks on Diamond P...
- Published By Jane
- October 12, 2023
Hio Ni Upumbavu Wasituche...
- Published By Jane
- November 8, 2023
RECOMMENDED FOR YOU
Melanin Does Crack: Garni...
- Published By The
- April 21, 2025
The genetic mystery of wh...
- Published By The
- April 21, 2025
The Invisible Chains: Why...
- Published By The
- April 23, 2025
Severance to Adolescence:...
- Published By The
- April 21, 2025
Latest Stories
Migori Man Who Hung on Og...
- Published By The
- April 25, 2025
Sad: Entire Kiss FM roste...
- Published By The
- April 25, 2025
Harmonize Responds to Cla...
- Published By The
- April 25, 2025
"Naweza Gonga": Kenyans R...
- Published By The
- April 25, 2025