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Microsoft, Visa, Pesalink face royalty tax under Finance Bill

Kenya plans new taxes on digital payments and software royalties under the Finance Bill 2026.

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businessdailyafrica.comStai leggendo3 mesi fa

Microsoft, Visa, Pesalink face royalty tax under Finance Bill

Kenya plans new taxes on digital payments and software royalties under the Finance Bill 2026.

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standardmedia.co.ke3 mesi fa

Digital payments sector pushes back on new levies at Africa Day crypto forum

Kenya's Finance Bill 2026 proposes 16% VAT on mobile payments and new crypto compliance mandates; Binance leads industry lobbying for exemptions. Sub-Saharan Africa's on-chain volume hit $205B (+52% YoY); the levies risk stalling adoption and shifting costs to consumers.

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lunedì 25 maggio 2026·standardmedia.co.ke
Digital payments sector pushes back on new levies at Africa Day crypto forum
Finance Bill 2026 has put the digital payments sector on edge, with the cryptocurrency industry calling on the government to grant tax exemptions on proposed new levies.
martedì 26 maggio 2026·businessdailyafrica.com
Microsoft, Visa, Pesalink face royalty tax under Finance Bill
Kenya plans new taxes on digital payments and software royalties under the Finance Bill 2026.