Personal Finance: How the digital service tax will affect you

How the digital service tax will affect you. PHOTO| FOTOSEARCH


What you need to know:

  • The taxman wants a piece of the digital pie


  • If your online platform is used to sell touch-and-feel items, then you are subject to DST


  • You will likely feel the effect of DST in the pricing of online services


If 2020 taught us anything it’s that we must adapt as the times dictate. We must adjust our sails to the direction the winds of evolution are blowing. Either you adapt and evolve, or stay rooted in your outdated mantras and wait for the waves of change to pull you under. It was inevitable that we would all end up running our businesses online – someday, sometime – but 2020 hastened that inevitability. Click and mortar is the new brick and mortar.

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