Facebook to share traders statistics with KRA, police

Facebook, Instagram and WhatsApp logos: Meta says entrepreneurs using the platform will offer consent on sharing of their dealings. PHOTO | AFP

Meta Platforms Inc, the company that owns Facebook, WhatsApp and Instagram, has updated its terms allowing the tech giant to share information with tax and investigative authorities from January, handing the taxman a new tool to net businesses using its platforms to make money.

In its updated terms to be effective from January 3, 2023, the technology firm says entrepreneurs using the platform to advertise or sell their products will automatically offer their consent for sharing of dealings of the business persons to a governmental entity or body if it believes that disclosure would assist in a lawful investigation.

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