With the rising popularity of crypto transactions and recent legislative developments in Kenya, a recognised leader in mobile money, the question of tax treatment of digital assets has become increasingly relevant. Should digital assets be subject to both Excise and Value Added Tax (vat)? The answer is far from clear.
Kenya has not had specific regulations for crypto assets for a while, with regulatory issues and related activities being addressed based on existing frameworks and in line with the mandates of the Capital Markets Authority (CMA) and the Central Bank of Kenya (CBK).
