Kenya’s Government Plans Crypto, Influencer Tax as Cash Sources Dry
- Finance bill introduces 3% tax on transfer of digital assets
- East African government plans to raise $21 billion for 2023-24
William Ruto
Photographer: Eduardo Soteras/AFP/Getty ImagesThis article is for subscribers only.
Kenya’s government plans to introduce a 3% tax on digital assets for the coming budget year as other sources of funding prove expensive or inaccessible.
In budget financing proposals presented to lawmakers on Thursday, monetization of digital content will attract a 15% levy, while the rate for the top salary tax band jumps to 35% from 30%.