UTC-05:00,Sunday , September 27th 2020

New Kenyan Digital Tax To Affect Crypto Platforms

05:56 Saturday , August 08th 2020
Kenya Revenue Authority (KRA) has announced new regulations that compel users of digital marketplaces to pay digital tax. At a rate of 1.5% on gross transaction value, the new tax is expected to take effect on January 1, 2021. However, the report notes that "at this stage, the precise meaning of a digital marketplace and those who will be impacted by the digital tax are unclear."
Read More