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Spotify Launches in Kenya Amid New Digital Service Tax

Business ReporterbyBusiness Reporter
February 24, 2021
in Kenyan News, Public Policy
Reading Time: 3 mins read
Spotify

New York Stock exchange-listed audio streaming subscription service Spotify has announced that it is now available in more than 80 emerging countries including Ghana, Kenya, Nigeria, Tanzania and Uganda.

Spotify announces expansion into 80+ new markets around the world including Angola, Ghana, Jamaica, Kenya, Malawi, Mali, Nigeria, Rwanda, Senegal, Tanzania, Zimbabwe, among others. pic.twitter.com/9tRRWusBnS

— Kenyan Wallstreet (@kenyanwalstreet) February 22, 2021

Spotify has a worldwide community of more than 345 million monthly active listeners.

“By bringing in a best in class product and a localized experience made for Africa, we will contribute to boosting the growth of the local streaming ecosystem,” said Phiona Okumu, Spotify Head of Music Sub-Saharan Africa.

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ALSO READ; Digital Taxi Drivers in Kenya Demand Worker Rights

Spotify Launch Amid Kenya’s New Digital Service Tax

The popular audio streaming subscription service has launched a few weeks after the Kenyan Government moved to implement the Digital Service Tax.

The Income Tax (Digital Service Tax) Regulations 2020 came into effect on the 2nd January 2021 and applies to such digital services as subscription-based media such as films, music, podcasts, news and magazines. The new tax will attract the 1.5% Digital Service Tax on gross transaction value.

Over-the-top streaming television shows, online ticket sales and any form of digital content are among services that will be subject to this tax.

“Launching in these new markets is a key next step to fulfilling our ongoing commitment to building a truly borderless audio ecosystem,” said Alex Norström, Chief Freemium Business Officer of Spotify.

Listen to The Kenyan Wallstreet Podcasts on Spotify or Hisa App and all your favorite audio streaming Platforms.

ALSO READ;

Digital Service Tax: KRA Lists Services That Attract the New 1.5% Levy

Regulator seeks Exemptions from Digital Tax for Capital Markets players

Digital Tax: Government Mulls Exempting Startups from the 1.5% Levy


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