Bolt Drivers Face Reduced Earnings as 16% VAT Imposed on Commissions

• Bolt drivers will earn less due to a 16 percent VAT being passed on to them.
• The change aligns with the VAT regulations of 2023.
• Bolt previously absorbed the VAT for 15 months to protect driver earnings.

Source: the-star.co.ke

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.