Title: Tanzania Targets Crypto Traders With Proposed Income Tax Act Amendment
Post by: Bitcoin on Jun 18, 2024, 05:25 am
Post by: Bitcoin on Jun 18, 2024, 05:25 am
Tanzania Targets Crypto Traders With Proposed Income Tax Act Amendment
Tanzania plans to amend its Income Tax Act to tax crypto trades. The proposal includes a three per cent withholding tax on income from digital asset transactions. Digital platform owners or facilitators of digital asset transfers will act as withholding agents. Foreign citizens operating such platforms must register under Tanzania's Simplified Tax Regime. The government […]
Source: Tanzania Targets Crypto Traders With Proposed Income Tax Act Amendment (https://news.bitcoin.com/tanzania-targets-crypto-traders-with-proposed-income-tax-act-amendment/)
Tanzania plans to amend its Income Tax Act to tax crypto trades. The proposal includes a three per cent withholding tax on income from digital asset transactions. Digital platform owners or facilitators of digital asset transfers will act as withholding agents. Foreign citizens operating such platforms must register under Tanzania's Simplified Tax Regime. The government […]Source: Tanzania Targets Crypto Traders With Proposed Income Tax Act Amendment (https://news.bitcoin.com/tanzania-targets-crypto-traders-with-proposed-income-tax-act-amendment/)