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World Bank lauds Kenya’s new digital taxes

According to the multilateral lender, the introduction of Value Added Tax (VAT) on digital supplies and the introduction of withholding tax on financial derivative gains by non-residents, among other measures should help realise 0.7 percent of GDP or just about Ksh93.6 billion ($665.25 million) in additional tax revenue by 2024.

Source: theeastafrican.co.ke

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