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KRA seeks identity of crypto traders in tax cheats pursuit
The taxman estimated that between 2021 and 2022, Kenya’s cryptocurrency market transacted about Sh2.4 trillion, representing close to 20 percent of the country’s GDP.
Cryptocurrency exchanges and platforms will be required to report their identity and transactions of their clients to the Kenya Revenue Authority (KRA) if MPs back proposals in the Finance Bill that seek to make it harder for investors in the digital assets to hide their gains from the taxman.
Through amendments contained in the Finance Bill 2026, virtual asset service providers will be required to disclose full transaction records for Kenyan customers via annual filings to the KRA.
