Accounts
Crypto Tax preparation
Effective July 1, 2025, Kenya implemented a forward-looking framework for taxing digital assets, designed to foster transparency and support the growth of crypto investment and innovation.
Under the current regulations, a 10% excise duty applies exclusively to service fees charged by Virtual Asset Service Providers (VASPs), including exchanges, wallets, and other platforms, when facilitating crypto transactions. This tax is levied on the fee component, not the full transaction value.
Responsibility for collecting and remitting this tax rests with the service provider. All taxes must be submitted to the Kenya Revenue Authority (KRA) by the 20th of the following month, accompanied by a detailed return outlining relevant transactions and tax amounts.
Non-resident platforms serving Kenyan users must also register with KRA, either by establishing a local presence or appointing a tax representative, and maintain local bank accounts to ensure seamless compliance.
How ClearTax Supports You:
We simplify crypto tax compliance so you can focus on growth, innovation, and confident trading.
🔹 KRA Registration & Setup
We assist exchanges, wallets, and VASPs in registering with KRA and securing all required tax credentials.
🔹 Transaction Review & Compliance Audit
We analyze your transaction flows to identify taxable service fees and ensure accurate, regulation-aligned reporting.
🔹 Tax Calculation & Return Filing
We handle the full process of calculating the 10% excise duty and filing monthly tax returns on your behalf.
🔹 Representation Before KRA
In the event of audits, inquiries, or disputes, we advocate for your interests and provide expert representation.
Why Choose ClearTax?
We are the first specialist crypto tax consulting firm in Kenya
We stay ahead of Kenya’s evolving crypto tax landscape.
Our team blends deep tax law expertise with hands-on crypto industry experience.
We offer strategic, confidential, and personalized guidance tailored to your operations.
We’re committed to helping you avoid penalties and maintain full compliance, without the guesswork.
Let’s Simplify Your Crypto Tax Journey
Crypto taxation doesn’t have to be complex. With ClearTax, you gain clarity, confidence, and control.
Schedule your confidential consultation today and stay compliant while scaling your crypto business.
Understanding the New Crypto Tax in Kenya 2025
How is Bitcoin and other cryptos taxed in Kenya? Read the ins and outs of crypto taxation in this detailed article.