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Bolt Shifting VAT Burden to Drivers & Implications for Taxpayers in Kenya

Understanding the VAT Shift Bolt, the Estonian ride-hailing firm, has recently shifted the 16% Value Added Tax (VAT) burden to its drivers, citing regulatory compliance with Kenya Revenue Authority (KRA) guidelines. Previously, Bolt absorbed this cost since the introduction of digital marketplace tax regulations in 2023. This move reflects Bolt’s commitment to adhering to tax […]
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Understanding Corporate Governance, Risk Management, and Compliance

Understanding Corporate Governance, Risk Management, and Compliance (GRC) Corporate Governance, Risk Management, and Compliance (GRC) are three interrelated disciplines that help organizations operate ethically, efficiently, and within the bounds of the law. Together, they ensure business sustainability, protect stakeholders’ interests, and minimize risks. Corporate Governance Corporate governance refers to the framework of rules, policies, and […]
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