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Crypto Tax preparation
Digital assets in Kenya are taxed at the rate of 3% upon each transfer or exchange. Not on gains. This tax is collected and remitted to Kenya Revenue Authority by the platform owner or the person facilitating the transfer.
The tax must then be remitted to KRA within five working days after the withholding.
In addition, the platform owner or facilitator must file a return detailing the amount of payment, tax deducted and any other details required by KRA. A non-resident owner of a digital platform where digital assets are transferred or exchanged must register under the simplified tax regime.
Effective date: 1 September 2023
With our help, you can simplify your cryptocurrency tax reporting, maximize your returns, and have peace of mind.Here are some specific ways in which we can help you:
We can help you register with KRA.
We can help you determine which cryptocurrency transactions are subject to taxation in Kenya.
We can help you calculate the taxes that you owe on those cryptocurrency transactions.
We can help you prepare the necessary tax returns and documentation.
We can represent you before the Kenya Revenue Authority (KRA) if you have any tax-related issues.
Here are some additional benefits of working with us:
We are up-to-date on the latest changes to Kenyan tax regulations.
We have a team of experienced cryptocurrency tax experts.
We offer a personalized and confidential service.
We are committed to providing you with the best possible advice and assistance.
Understanding the New Crypto Digital Assets Tax in Kenya
How is crypto taxed in Kenya? Read the ins and outs of crypto taxation in Kenya in this detailed article.
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