News Just in: Safaricom to Start Deducting Excise Duty Tax on M- shwari Loans.
News Just in: Safaricom to Start Deducting Excise Duty Tax on M- shwari Loans: Safaricom has announced it will start deducting Excise Duty Tax on All M-Shwari Loans before disbursing to users.
In a message to its customers on Monday, February 12, Safaricom underscored that the deduction would start on February 20, 2024.
The Telecommunications company stated, “Dear customer, we wish to notify you that starting 20th February 2024, the Excise Duty tax due on M-Shwari loan facility fees will be deducted from your loan amount at disbursement.”
The deductions are set to affect the way M-Shwari customers interact with the service which is offered by Safaricom in partnership with NCBA Bank.
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