[kictanet] M-PESA charges go up! Effects of taxation on telecoms and fintech.

Safaricom PLC and other mobile money operators have reviewed their charges after the enactment of the Finance Act 2023. M-PESA mobile transfer charges have gone up from 12% to 15%. At the same time, the excise duty rate for call, SMS, and Internet has gone down from 20% to 15%. Is Financial inclusion in danger? Will users go back to the cash economy? As we fiddle with taxation in the digital space, is there cost-benefit analysis advising these decisions? Best Regards, ______________________ Mwendwa Kivuva, Nairobi, Kenya https://www.linkedin.com/in/mwendwa-kivuva