JUST IN: Crypto Traders in Kenya Set to Benefit from Reduced Digital Asset Levy in 2025 Budget 

  The National Treasury is set to halve the digital asset tax from 3 percent to 1.5 percent in the 2025 Finance Bill, a move designed to ease the burden on cryptocurrency traders and digital entrepreneurs. This adjustment, which targets individuals trading in cryptocurrencies, non-fungible tokens (NFTs), and other digital assets like data, images, videos, and written content, aims to stimulate growth in the country’s expanding digital economy. Treasury Cabinet Secretary John Mbadi announced the proposed tax cut during an interview on Citizen TV’s The Explainer on Tuesday. The new rate will align with the existing 1.5 percent turnover tax, which applies to small businesses earning between Ksh1 million and Ksh25 million
The post Crypto Traders in Kenya Set to Benefit from Reduced Digital Asset Levy in 2025 Budget appeared first on Nairobi Wire. Read More