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The Standard e-Paper
Kenya’s Boldest Voice
The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
The Finance Bill, 2023 proposes to introduce Digital Asset Tax (DAT) at a rate of three per cent on the income derived from the transfer or exchange of digital assets.
The Bill defines a digital asset as anything of value that is not tangible and includes cryptocurrencies, token code and numbers held in digital form, which can be exchanged with or without consideration and can be transferred, stored or exchanged electronically.
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