The Kenyan government has proposed a 15% withholding tax on income earned by content creators. This tax would apply to all income earned from digital content monetization, including but not limited to sponsorships, affiliate marketing, merchandise sales, and paid subscriptions.
The government has said that the tax is necessary to widen the tax base and to ensure that everyone who earns an income from digital content pays their fair share of taxes. However, content creators have criticized the tax, saying that it is unfair and will stifle creativity.
Majority of the Kenyan content creator has come out to air their opinion comparing the proposed bill to an act of milking a young cow.
Also read: https://news.switchtv.ke/2023/05/eric-omondi-do-not-tax-content-creators-and-young-people/
Eric Omondi issued a stern warning to the government, stating that the taxation is unfair since the government has not supported the content creators in any way and is proposing a bill to reap from where they have not invested.
Sammy Boy also shared his views moments later that the government is draining the youths from not providing employment to milking the area of their income.
“Imagine not getting a job with a degree then you decide to be a comedian or prank star then boom your 10k is cut and now you fail to understand when other countries are developing through youths, wetu ni kuumia tu, then you wanna ask why we all apply for green cards…” Sammy Boy commented.
The proposed bill that will see to the 15% taxation of content creators has not yet been passed. However, it has created controversy among all the legends, upcoming and current creators from music producers, video directors, comedians, online media, and artists.
