LinkedIn Raises Membership Fees in Kenya
LinkedIn, an American job-search social networking site, has raised membership fees and tariffs for premium services by up to Sh 1,400 ($12.03) each account.
According to Business Daily, Kenya implemented a 16 percent value-added tax (VAT) on digital transactions for international corporations through the Finance Act of 2019.
“We’d like to give you a critical tax update from Kenya that will affect your LinkedIn purchase” (s). Kenya has imposed a 16 percent levy on electronic services. This tax will be charged to your current LinkedIn purchase commencing on May 11, 2022, in order to comply with these rules and regulations,” LinkedIn said in a statement to its members.
“LinkedIn will not charge you tax if you include a valid company PIN ID on your profile.” Please note, however, that if you give a legitimate Kenya tax number, LinkedIn will take this as notification of your responsibility to account for VAT under the reverse charge method,” it wrote.
LinkedIn presently has four packages available:
- Career
- Business
- Sales navigator core
- Recruiter lite
As Kenya aims to collect large sums of money through e-commerce, individuals and businesses who use Facebook to promote must also pay the 16 percent VAT.
Many job seekers benefit from LinkedIn’s job posting service. Users fill out their profiles with their work experience and educational background, and the platform’s algorithm will suggest positions that match their qualifications. It also helps recruiters locate possible job candidates, as well as connect users to pertinent relationships.
Companies, professionals from various industries, and job seekers can pay up to $119.95 per month to view material and post job vacancies on LinkedIn’s premium service. Users who cannot afford to pay the premium charge can still use their free accounts to interact with others and find jobs.
