Government Proposes 5% Withholding Tax on Social Media Earnings for Budget 2026

The government has introduced a new tax proposal as part of its upcoming budget. This proposal targets earnings generated through social media platforms. Specifically, it suggests implementing a 5% withholding tax on these incomes. The proposed tax measure is intended to be included in Budget 2026. This move indicates a focus on digital economy taxation. It aims to capture revenue from online activities and content creation. The measure could impact individuals and entities earning from social media. It represents an effort to broaden the tax base in the digital sphere.