• Written by: (Blockchain News
  • Tue, 22 Nov 2022
  •   Hong Kong

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)

Kenyan law taxes crypto protects consumers