Regulation of the Digital Lending Platforms by the Central Bank of Kenya – CBK

A. INTRODUCTION The Central Bank of Kenya (Amendment) Bill, 2020 (the “Bill”) was published on 19 June 2020. Approved by the Parliament on On 25th February, 2021 and is now before the National Assembly Committee and National Planning presented in April 2021. Through this Bill, the Central Bank of Kenya (“CBK/the Bank”) is seeking the […]

Tax Alert Digital Service Tax Already in Effect

The Income Tax (Digital Service Tax) Regulations 2020 (DST), introduced by the Finance Act 2020, became effective 6 months ago, from the 2nd day of January 2021  WHAT IT IS DST is a tax payable at 1.5% on gross transaction value on income derived from Kenya from provision of services through a digital market place. […]