Bolt to Introduce 16% VAT for Drivers Starting April 1 After 15-Month Cushion

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Bolt has announced that starting Tuesday, April 1, it will implement a 16% Value Added Tax (VAT) on its commission, in compliance with tax regulations. This marks the end of a 15-month transition period during which the company absorbed VAT costs on behalf of its drivers. With this change, Bolt drivers will now be responsible for handling their own tax obligations. However, the company has assured drivers that it remains committed to helping them maximize their earnings despite the adjustment. W.......

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