The interesting question for us will be: what is this level playing field that we will be creating if local businesses are heavily taxed even during the startup stages?
Australia: Feb 10Digital products such as books, movies, games, apps and e-books purchased by Australians from overseas could soon attract the Goods and Services Tax (GST), popularly ‘ Netflix Tax’. The Treasurer (equivalent of Kenyan Cabinet Secretary of Finance) argues that this will level the playing field between Australian and overseas businesses. Importantly, for the government especially, is the possible USD60 Million tax that can be collected annually.The EU and Japan are seen as trend setters on this. This is a policy issue we may be having in Kenya very soon, if it is hasn’t started as yet.Link to the story: http://www.smh.com.au/federal-politics/political-news/treasurer-introduces-netflix-tax-for-gst-on-digital-products-to-parliament-20160210-gmq88u
_______________________________________________
kictanet mailing list
kictanet@lists.kictanet.or.ke
https://lists.kictanet.or.ke/mailman/listinfo/kictanet
Unsubscribe or change your options at https://lists.kictanet.or.ke/mailman/options/kictanet/ultimateprogramer%40gmail.com
The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform for people and institutions interested and involved in ICT policy and regulation. The network aims to act as a catalyst for reform in the ICT sector in support of the national aim of ICT enabled growth and development.
KICTANetiquette : Adhere to the same standards of acceptable behaviors online that you follow in real life: respect people's times and bandwidth, share knowledge, don't flame or abuse or personalize, respect privacy, do not spam, do not market your wares or qualifications.