Business - Banking & Finance
Updated: January 24, 2022

Zimbabwe Signs Agreement Enabling Collection Of Crypto Taxes

By Okojie Kelvin Echiejile
January 24, 2022
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The Zimbabwean government has decided to start collecting taxes from crypto and e-commerce companies operating within the territories of Zimbabwe.

According to bitcoin.com, the government of the country has entered into an agreement with the British Virgin Islands-based Daedalus World Limited, wherein the latter is expected to collect taxes from companies that offer “betting, gaming and cryptocurrency services to persons and organisations within the territory of the Republic of Zimbabwe.”

This move by the government seems to be in line with its earlier position of working on the laws to make cryptocurrency especially Bitcoin legal tender in the country.

The inclusion of crypto assets in the tax bracket will make the country one of the few nations to adopt this method of raising revenue.