JUST IN: KRA to Launch Real-Time Tax System for Cryptocurrency Transactions 

  The Kenya Revenue Authority (KRA) is set to implement a real-time tax system that will integrate with cryptocurrency exchanges and marketplaces, allowing the agency to monitor and record transactions effectively. KRA announced this initiative while outlining its tax collection strategies for the fiscal year 2024/25, highlighting its intention to capture crucial transaction details, including the date, time, type, and value of each transaction. The taxman explained that it has faced challenges in tracking and taxing cryptocurrency transactions due to an outdated system, which has led to significant revenue losses for the government. The tax authority estimates that Kenya’s cryptocurrency market
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