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MPs drop digital assets tax of 3pc on transactions
The current taxation regime slaps a three percent charge on transacted amounts involved in the buying and selling of the digital assets or the turnover.
Members of Parliament have repealed the digital assets tax set at three percent of transaction amounts, in favour of a new excise duty on transaction fees signaling lower cost for users of cryptocurrencies and other virtual assets.
The current taxation regime slaps a three percent charge on transacted amounts involved in the buying and selling of the digital assets or the turnover.
