Zimbabwe Signs Agreement Enabling Collection of Taxes From Crypto
24-01-2022
By: Lokesh Gupta
The Government of Zimbabwe has confirmed signing
an agreement with Daedalus World Limited which enables the latter to collect taxes from crypto and other content providers.
According to a News24 report, the inclusion of crypto assets in the tax list is the latest signal from the Zimbabwean government suggesting the country is gradually changing its stance on cryptocurrencies. As reported by Bitcoin.com News, the country’s monetary authorities have previously said Zimbabwe is not planning to adopt cryptocurrencies.
Despite these past pronouncements by the central bank and others, a general notice published by the information technology ministerJenfan Muswere may suggest the government has had a change of heart. November 19 general notice states:
“The Republic of Zimbabwe entered into a public-private partnership agreement with Daedalus World Limited of Tortola, British VirginIslands, in terms of which Daedalus World Limited will assist the Republic of zimbabwe by providing a revenue collection service through taxing qualifying companies that provide digital advertising, content, cloud computing, e-commerce [and] gambling.”
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