Wednesday, February 12, 2025
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Digital Taxi Companies Oppose Proposed SEP Tax In 2024 Finance Bill

Digital taxi-hailing companies have warned that the six per cent Significant Economic Presence (SEP) tax proposed in the 2024 Finance Bill will adversely affect customers if passed.
Tabling their submissions before the National Assembly Finance and Planning Committee on Wednesday, Uber and Bolt said the SEP tax will increase the amount customers pay for taxis and also stifle the ride-hailing industry.
Treasury seeks to impose SEP tax on non-resident firms, targeting income from large multinationals operating in Kenya, even if they do not have a physical presence.
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