23.1 C
Kenya
Sunday, September 22, 2019
  • TECH

Kenya to start taxing YouTube, Netflix

Must Read

DCI: Vehicles in this list are stolen or illegally registered

DCI Kenya: The Directorate of Criminal Investigation(DCI) on Friday released a list of vehicles suspected to be stolen or...

Japan to build new Sh. 46 billion Likoni bridge

A new super bridge is set to be constructed at the Likoni ferry channel to connect with Mombasa. The...

BRT buses’ lane on Thika Superhighway to cost Sh. 5.8 billion

BRT Buses Kenya: BY BUSINESS DAILY: Taxpayers will spend Sh. 5.8 billion to construct a lane for high-capacity buses...

Netflix in Kenya: Kenya is set to start taxing online streaming media services including YouTube and Netflix. This has been revealed by the Communications Authority (CA) director-general Francis Wangusi. According to Mr. wangusi, the ministry for information communication and technology is in the final stages of developing the framework that will be used to effect the taxes.

“Many countries especially developed ones have policies that guide these services, and that is where we are heading to as a country,” Mr. Wangusi was quoted by the Daily Nation on Friday. “I believe the OTTs will declare the correct revenues, considering that the international community is also watching them.” The paper further added that Mr. Wangusi also said that once a policy is developed the government will have grounds to shut down those that will not adhere to the rules.

Netflix in Kenya

“The proposed policy framework will also ensure that foreign advertisements that air in the Kenyan market are subjected to taxation. Already, the Kenya Revenue Authority (KRA) has announced plans to collaborate with CA to introduce VAT obligations for app developers trading in Kenya. The taxman will target apps with in-app purchases, those that sell goods and services and those that require users to pay before downloading,” the paper reported.

Netflix was founded by Marc Randolph and Reed Hastings in 1997. The California-based company began operating as a DVD rental company though it started its video internet-based streaming services in early 2007. Netflix announced the rolling out of its services globally to 130 countries; Kenya included, during the consumer electronics show held in Las Vegas, USA on January 6 2016.

- Advertisement -

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest News

BRT buses’ lane on Thika Superhighway to cost Sh. 5.8 billion

BRT Buses Kenya: BY BUSINESS DAILY: Taxpayers will spend Sh. 5.8 billion to construct a lane for high-capacity buses...

Japan to build new Sh. 46 billion Likoni bridge

A new super bridge is set to be constructed at the Likoni ferry channel to connect with Mombasa. The new Likoni bridge will be...

BRT buses’ lane on Thika Superhighway to cost Sh. 5.8 billion

BRT Buses Kenya: BY BUSINESS DAILY: Taxpayers will spend Sh. 5.8 billion to construct a lane for high-capacity buses along Thika Road in a...

Why your car is consuming more fuel than normal

Fuel Consumption of Toyota Fielder, Fuel consumption of Toyota Premio or fuel consumption of any vehicle: why is it too high? Why is it...

Mercedes Benz club ladies to hold safety drive in Nairobi

She's Mercedes: The She's Mercedes ladies will this Saturday hold a safety drive within Nairobi and its environs. The drive is scheduled to start...

More Articles Like This

- Advertisement -
%d bloggers like this: