Kenyan law taxes crypto protects consumers

Blockchain 

Cryptocoins News / Blockchain  8 Views


Kenyans who possess or trade in cryptocurrencies must report their activity to the government for tax reasons. Cryptocurrency kept for less than a year is subject to income tax, while capital gains tax applies after that. Kenya levies an income tax ranging from 10% to 30%. Banks currently levy a 20% excise tax on all cryptocurrency commissions and fees. (Read More)
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