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<ul class="wp-block-list news-points">
 <li>The Kenya Revenue Authority (KRA) obtained $77.5 million in crypto tax for 2023-2024.</li>
 <li>KRA Chairman acknowledged the Kenyan crypto market’s first contribution to the national tax basket.</li>
 <li>The authority plans to collect a whopping $465 million in taxes from the crypto sector.</li>
</ul>
At Kenya’s Taxpayers’ Day celebration on November 1, the government revealed that the country collected $77.5 million in crypto tax over the last year. The Kenya Revenue Authority (KRA) obtained KES 10 billion from 384 crypto traders in the fiscal year 2023-2024.
KRA Chairman Anthony Mwaura highlighted the Kenyan crypto market’s first-ever contribution to national tax revenue.&nbsp; At a gathering at State House, Nairobi, Mwaura said the KRA plans to collect $465 million in taxes from the crypto sector alone.&nbsp; Over the next five years, the authority aims to accumulate $15.88 billion in tax revenue, with the crypto sector expected to be a key contributor.
Mwaura emphasized the need for collaboration to find ways to effectively tax cryptocurrency activities.&nbsp; He explained that many individuals involved in cryptocurrencies are willing to pay taxes, but the KRA currently lacks the means to …
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Kenya Collected $77.5M in Crypto Taxes — $465M Target Next, Exchanges in Focus

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