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What the President Ruto, United States tax deal means for Kenya
President William Ruto, US Ambassador to Kenya Meg Whitman and Brenda Mbathi, the American Chamber of Commerce (AMCHAM) board President during the organisation's regional business summit in Nairobi. FILE PHOTO | PCS
President William Ruto last week announced that the digital service tax (DST), which is charged at the rate of 1.5 percent on income derived or accrued in Kenya from services offered through an online marketplace, would be aligned with the Organisation for Economic Co-operation and Development (OECD) framework.
The OECD, a club of rich countries, sets the rules governing international taxation for multinationals to deal with tax cheats.
