Digital money transfer app companies are exempt from paying Value Added Tax (VAT), the High Court has ruled.
In a judgment earlier this month that now puts Payment Service Providers (PSPs) into focus, Justice Rhoda Ruto said the financial services offered by the digital platforms are similar to those offered by banks and hence ought not to attract VAT.
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Digital money transfer app companies are exempt from paying Value Added Tax (VAT), the High Court has ruled.
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By Kamau Muthoni