Safaricom Cautions Kenya Over Higher Taxes
Wednesday, September 18, 2013
VENTURES AFRICA – Kenyan mobile operator, Safaricom, has warned the government that further increases in Excise Tax – a duty levied on goods or services for sale – will make mobile payment services less affordable for poorer citizens.
Safaricom’s mobile payment service, M-Pesa, has already been slapped a 10 percent tax, for which the telecom company was forced to swallow $4.6 million in cost, to relieve its customers from the pricy burden.
Source: Ventures Africa (link opens in a new window)
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