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Tanzania Targets Crypto Traders With Proposed Income Tax Act Amendment

Started by Bitcoin, Jun 18, 2024, 05:25 am

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Tanzania Targets Crypto Traders With Proposed Income Tax Act Amendment

Byte-sized news on the latest topics relating to crypto and technology.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 […]

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