Zimbabwe signs agreement to allow taxation from crypto and e-commerce entities – Tax Bitcoin News

The government of Zimbabwe has confirmed that it has signed an agreement with Daedalus World Limited, which enables the latter to tax cryptocurrency and other content providers.

Zimbabwe’s stance on cryptocurrencies

The Zimbabwean government recently said it had reached an agreement with British Virgin Islands-based Daedalus World Ltd, which is expected to tax companies that provide “gaming, gaming and cryptocurrency services” to individuals and organizations in the republic Zimbabwe. “

According to News24 Report, the inclusion of crypto assets on the tax list is the latest signal from the Zimbabwean government that the country is gradually changing its stance on cryptocurrencies.as report As reported by Bitcoin.com News, the country’s monetary authority has previously stated that Zimbabwe does not plan to adopt cryptocurrencies.

public-private partnership

Despite these statements from the central bank and other agencies in the past, a general notice issued by Information Technology Minister Jenfan Muswere may indicate that the government has changed its mind. The general notice of November 19 states:

“The Republic of Zimbabwe has signed a public-private partnership agreement with Daedalus World Limited of Tortola, British Virgin Islands, under which Daedalus World Limited will be Assisting the Republic of Zimbabwe with tax services. Advertising, content, cloud computing, e-commerce [and] gamble. “

Meanwhile, a report by News24 states that internet giants such as Google, Youtube and Facebook will be targeted as part of Daedalus World Ltd’s tax collection agreement with the government.

What’s your take on this story? Let us know what you think in the comments section below.

Terence Chimwala

Terence Zimwara is an award-winning journalist, author and author from Zimbabwe. He has written extensively about the economic woes of some African countries and how digital currencies can provide an escape route for Africans.

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