Bolt drivers may be facing challenging times ahead as the firm has added 16% VAT.
This directive was issued in accordance to the VAT(Electronic, Internet and Digital Marketplace Supply)Regulations 2023.
For the past 15 months Bolt has absorbed the obligation on behalf of its drivers, but given necessary regulatory measures and guidance from Kenya Revenue Authority (KRA) and National Transport and Safety Authority (NTSA) the VAT obligation will be passed on to the drivers.
The drivers have previously voiced their concerns over low income by the platform with most grappling with high cost of fuel among other operational costs eating into their earnings.
“Our focus remains on compliance, fairness and sustainability “,said Dimmy Kanyankole General manager of Bolt Kenya and Tanzania.
Adding that they will offer reliable support to their drivers moving forward,
“We are committed to supporting our drivers through this transition and will continue to engage them through awareness and education and offering them opportunities to ensure they maximise their earnings”.
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