Taxfix Africa
@taxfix_ke
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eCommerce Tax Experts , Specialized VAT services for international businesses. Making sure your businesses is VAT compliant in all required tax jurisdictions.
Nairobi
Joined October 2021
Are VAT rules making your head spin? It’s so confusing! But guess what? @taxfix_ke can make it easy. 🧐 We handle your VAT compliance across multiple countries so you don’t have to stress over it. Whether you’re a small business or going global, we’ve got your back!
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🌍 Did you know Hungary has the highest standard VAT rate at 27%?
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With an effective date of 27th Dec 204. It would be interesting to see its implimentation in the coming year.
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Starting November 2024, Kenyan VAT-registered taxpayers will see pre-filled VAT returns with data available to the KRA. While simplifying compliance, taxpayers must verify accuracy before submission deadline Input VAT claims will rely heavily on e-invoice systems like TIMS/eTIMS.
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Germany has announced plans to introduce mandatory B2B e-invoicing for domestic transactions, potentially starting in 2025, with legislative steps expected in 2024.
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RT @taxfix_ke: An insightful read! I’d love to see more on how the proposed tax framework might impact crypto startups and informal traders…
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VAT was introduced in Kenya with effect from 1 January 1990 to replace Sales Tax, which had been in operation since 1973. The basic law was contained in the VAT Act, Chapter 476 of the Laws of Kenya read together with the Regulations, initially published in 1994.
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It would be interesting to see how these proposals will be implemented if enacted.
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An insightful read! I’d love to see more on how the proposed tax framework might impact crypto startups and informal traders, given their significant role in Kenya's economy.
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Kenya: Digital Asset Tax imposed a tax on income derived from the transfer or exchange of digital assets. This means that every time a cryptocurrency is bought, sold, exchanged, or transferred, a 3% tax is charged on the transaction amount. The tax is not based on gains.
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Kenya: Digital Asset Tax imposed a tax on income derived from the transfer or exchange of digital assets. This means that every time a cryptocurrency is bought, sold, exchanged, or transferred, a 3% tax is charged on the transaction amount. The tax is not based on gains.
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Australia is considering implementing a Digital Services Tax (DST) for major tech companies to support traditional media outlets. This proposal seeks to level the playing field between global digital platforms and local media businesses.
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