Search Results for: tax

Latest: Chinese Robotaxi approval to carry passengers in California

Editor

Robotaxi. Chinese autonomous vehicle company WeRide has received the green light to test its driverless vehicles with passengers in California.  The step comes as WeRide begins the process to go public on the U.S. stock market at a nearly $5 billion valuation. The timing also coincides with reports that the Commerce Department is considering a ban on Chinese connected vehicles — which include autonomous vehicles — due to national security concerns.  As of August 2, WeRide holds two permits from the California Public Utilities Commission: A drivered pilot permit and a driverless pilot permit. Both allow WeRide…

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Venture Vaya Africa, launches a new electric taxi service

Dianne Jacobs
Vaya Africa, a ride-hail mobility venture founded by Zimbabwean mogul Strive Masiyiwa, has launched an electric taxi service and charging network in Zimbabwe with plans to expand across the continent.

Venture Vaya Africa, launches an electric taxi service Vaya Africa, a ride-hail mobility venture founded by Zimbabwean mogul Strive Masiyiwa, has launched an electric taxi service and charging network in Zimbabwe with plans to expand across the continent. Vaya Africa, a company registered in Mauritius, responsible for the transport of people and goods in Africa and the generation of adjacent revenues in this sector, launched a new product on the Zimbabwean market. It is the electric vehicle called “Vaya Electric”. The South African headquarters of Vaya Africa has acquired a…

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New tax on Digital Markets under new law

Dianne Jacobs
Tax

Kenya will start levying new tax on digital markets under a new law signed by the President early in November. The Finance Act seeks to broaden the Income Tax Act net to include income accruing through a digital market place. The law defines the digital marketplace as “a platform that enables direct interactions between buyers and sellers of goods and services through electronic means.” In addition, a similar change has been made to the VAT Act making digital market services subject to value-added tax. It’s not clear yet who will be affected or how the…

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Nigeria proposes New law to tax local online purchases

olivia Craig
Voice App

Online purchases in Nigeria could soon come with a tax bill in part of plans to raise more revenue to fund a record budget, Nigeria’s government is considering a 5% Value Added Tax (VAT) specifically for online purchases. Babatunde Fowler, head of Nigeria’s federal tax agency, says the government may appoint banks as agents to deduct 5% VAT on all local online purchases with a bank card. The policy could be in place by early next year, Fowler said in an interview with Premium Times, a local online newspaper. This…

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Negotiated fares taxi hailing app inDriver, targets new more African cities

Negotiated fares taxi hailing app inDriver, targets more African cities

Online ride hailing service, inDriver, which allows passengers to negotiate the fare with drivers, has begun recruiting drivers in Harare for the service, which it intends to launch in the capital towards the end of this month. inDriver, which is headquartered in New York, has 26 million users in more than 200 cities throughout the world. The service is already operating in South Africa, Kenya, Tanzania and Uganda. The inDriver app is used by passengers and drivers to be linked up and negotiate fares. The app can also be used…

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Ride-hailing platform Taxify rebrands new as Bolt

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Bolt Food

Taxify, the ride-hailing platform rebranded in SA as Bolt, after five years in the local market. Uber rival said on Thursday. “This update brings the brand identity in line with the company’s broader vision of transportation that has already expanded from ride-hailing with cars to motorbikes and scooter-sharing,” it said. CEO Markus Villig said in a statement that when the company was founded five years ago, its first product was a taxi-dispatch solution that gave it its original name. Since then, it has outgrown parts of its brand, he said.…

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Benin Govt abandon social media tax decree after protests

olivia Craig

After 10 days of mobilisation with more than 500 000 people being affected by the social media tax, the government in Benin have decided to cancel the tax. The government passed the decree in late  August taxing its citizens for accessing the internet and social media apps reports Mail & Guardian. It taxed the use of Over The Top services like Facebook, WhatsApp and Twitter. Mylène Flicka, an Beninese activist, working on IRAWO, a digital media platform spoke to The Daily Vox about the decree and the cancellation of the…

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Uber and Little Cab’s duel for Nairobi’s Taxi Market

Uber Africa launches Uber Cash in partnership with Flutterwave

Uber is in the middle of a bruising battle for dominance in east Africa’s largest economy: Kenya. The ride-hailing company started operating in the cities of Nairobi, Mombasa, Kisumu and Thika last year. It has already outlasted the online cab operator Easy Taxi, which opted out of the Kenyan market in May this year following a decision by one of its backers, Goldman Sachs, to direct all its investments towards the more profitable Uber. However, Uber now has a new domestic rival: Safaricom. It’s one of Kenya’s largest companies, 40%…

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During Shutdown, IRS Computers Still Churn Out Tax Liens, Levies And Bills

Staff Writer

At 1 A.M. Tuesday, just an hour after the budget standoff forced the partial shutdown of the federal government , Forbes contributor Kelly Phillips Erb (aka Taxgirl)  delivered two pieces of bad news to taxpayers: you still have to pay any taxes due, and if you have problems, tough luck, the Internal Revenue won’t be answering its phones. (Yes, you cynics, that is news. Even during the busy tax return filing season more than two thirds of callers do get through to  a human being at the IRS, although they…

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New Updates: IMF Delays $238 Million Loan for Kenya

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IMF

IMF Delays $238 Million Loan for Kenya  Kenya may need to find alternative sources to finance its current budget due to a delay by IMF [International Monetary Fund] in issuing it a 28 billion shilling loan ($238 million). Kenya included loan funds in the current fiscal year’s budget. Delay may see the nation seeking alternative budget financing. The funding is part of a $2.34 billion extended credit facility and extended fund facility that was agreed to by the IMF more than a year ago for budget support. The loan needs board approval…

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