[vc_row][vc_column][vc_paragraph text=”The Kenya tax authority (KRA) said it has developed new rules that will be used to check the activities of crypto traders across the country.“][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”Tax on African crypto traders” size=”medium”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”From this point of view, the government has stated that it will start charging 1.5% of the gross transaction in the future, as a new digital tax.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Users of digital assets can still breathe a sigh of relief, as the new rules will come into force from the beginning of next year. According to the report, KRA will create a specific division that will use the discovery method, based on data to track and tax transactions across the country.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”According to the laws of Kenya, whenever goods and services are directly exchanged hands using digital means, it is called a digital market.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”The report confirms that the crypto community and firms providing crypto services will be included as they fall under the digital marketplace. In Kenya, there has been a significant increase in the use of Bitcoins and other assets over the past few months.”][/vc_column][/vc_row]
