🟠PwC advises Kenyan crypto firms on tax lobby
PwC joins crypto lobby in Kenya
Topline: A coalition of Kenya’s top cryptocurrency companies has formally submitted a proposal to Parliament, calling for significant changes to the taxation of digital assets. (Details)
Catch up quick: Mariblock previously reported that local crypto companies were quietly mobilizing against the 3% tax on all crypto transfers. That movement is now public and organized.
What’s new: On May 29, a delegation including Busha, Kotani Pay, Luno, Swypt, HoneyCoin and DurraFx appeared before the National Assembly’s Finance Committee to formally propose a tax overhaul, with PwC Kenya present as an advisor.
Their ask: First, Repeal Section 12F of the Income Tax…
