LinkedIn Has Increased Membership Fees in Kenya – IT News Africa

LinkedIn, an American employment-oriented social network service company, has increased membership fees and rates that viewers pay to access premium services by up to Sh 1,400 ($12.03) per account
This comes after Kenya introduced a 16 percent value-added tax (VAT) on digital transactions for foreign companies through the Finance Act of 2019, according to Business Daily.
“We want to provide you with an important tax update related to Kenya tax that will impact your LinkedIn purchase(s). Kenya has introduced tax at 16 percent on e-Services. In order to comply with these laws and regulations, this tax will be added to your current LinkedIn purchase starting on May 11, 2022,” LinkedIn said in a communique to its members.
“If you add a valid business PIN ID to your profile, LinkedIn will not charge you tax. However, please note, if a valid Kenya tax number has been provided, this will be accepted by LinkedIn as notification of your responsibility to account for VAT under the reverse charge mechanism,” it said.
LinkedIn currently offers four packages: 
Individuals and companies that use Facebook to advertise are also paying the 16 percent VAT as Kenya seeks to collect loads of money through e-commerce.
LinkedIn helps many job seekers easily find job opportunities. Users upload their work experiences and education history on their profiles and the platform’s algorithm will recommend jobs that align with their profile. It also helps recruiters find potential job candidates, as well as connect users to relevant connections.
LinkedIn offers a premium service where companies, professionals from different sectors, and job seekers pay up to $119.95 per month to access content and place job openings. Users who cannot pay this premium fee can still connect with people and find jobs on their free accounts.
By Zintle Nkohla 
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Podcast by IT News Africa
This week on IT News Africa’s Digital Innovation Podcast, Luis Monzon interviews Peter Neubauer, CEO of Austrian fintech startup Vipaso.
Vipaso has recently released its digital payments innovation “Horizon” in many markets across Africa with Vipaso hoping to boost financial inclusion through the solution and choice partners.
Around 57% of the total population of Africa – about 95-million people – do not have a traditional bank account, according to The Fintech Times. As millions remain unbanked in Africa, mobile penetration and internet use continues to grow, especially in massive markets such as Nigeria, Kenya and South Africa where mobile finance is booming.
Solutions such as Horizon are being adopted at a record pace with merchants, customers and other users turning to digital innovations to quickly process and make payments, further closing the digital divide and lessening the impact of financial exclusion.
Peter and I broach a number of topics, such as just how Horizon works to boost digital inclusion, and Vipaso’s future plans for the African Market.
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