Bolt and Uber have issued warnings of potential closure in Kenya if parliament approves the Treasury’s proposal to impose a six percent Significant Economic Presence Tax (SEP) on gross turnover for non-resident firms, citing unsustainable costs. The Treasury, via the Finance Bill 2024, proposes the implementation of the SEP tax, applicable to non-resident individuals earning … Continue reading Bolt and Uber Threaten Closure in Kenya Over Proposed Tax Hike