Kenyans selling bitcoins to pay three percent digital assets tax

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Kenya is working on new regulations to police trading in cryptocurrencies such as Bitcoin. PHOTO | SHUTTERSTOCK

Kenyans dealing in cryptocurrencies such as bitcoins will give the Kenya Revenue Authority (KRA) three percent of the amount they earn from selling digital asset under proposed regulations contained in the Finance Bill 2023.

This is after the National Treasury proposed the introduction of a digital asset tax (DAT).

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Note: The results are not exact but very close to the actual.