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Nokia blames tax for 20% drop in Kenyan sales in Q4

Friday 24 January 2014 | 10:51 CET | News
Nokia said its sales in Kenya dropped by 20 percent in the three months to December following the imposition of VAT on handsets, which has seen consumers turn to cheaper counterfeit phones, the Business Daily reported. The government introduced a 16 percent value added tax on items including medicine, newspapers and books in September. Nokia East Africa General Manager Bruce Howes said the tax will erase gains made by the handset manufacturer since 2009 when VAT on portable telecoms devices was scrapped.

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Categories: Mobile & Wireless
Companies: Huawei China / LG / Nokia / Samsung
Countries: Kenya
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