- Kenya plans to introduce a 3% tax on digital assets and a 15% levy on monetization of digital content.
- The government is widening its taxation base in line with recommendations of multilateral lenders.
- Proposed measures include a 35% tax rate for the top salary tax band and a 20% excise duty on betting, gaming and lottery winnings.
- President William Ruto is targeting nearly doubling collections to 5 trillion shillings in five years.
Kenya’s Government Plans to Introduce 3% Crypto, Influencer Tax as Cash Sources Dry
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.
David Herbling
