Safaricom has announced that they have reviewed their prices for services that they offer due to the Finance Act 2018 which added a number of provisions.
The new pricing structure will affect voice calls, SMS and data. The new and old rates are as below.
|Item||Current Price (Kshs)||New Price (Kshs)|
|Voice (Peak Time)||4.0||4.3|
|Voice (Off Peak)||2.0||2.2|
The Finance Act increased Excise Duty tax on Calls, SMS and Internet from 10% to 15%. Additionally, a 15% Excise Duty tax on internet services was introduced.
As a result of the taxes, the price for calls and mobile Internet will increase by 30 cents and SMS by 10 cents effective today. The company has also announced that the Fibre-To-The-Building (FTTB) and Fibre-To-The-Home (FTTH) price will also increase.
In July 2018, Safaricom increased M-Pesa charges citing an increase in taxes brought about the Finance Bill 2018. The proposed 15% tax was later dropped to 12% when the bill was passed.