Lens1000
VIP Contributor
The Zimbabwean government recently announced that it had reached an agreement with Daedalus World Limited, based in the British Virgin Islands, under which the latter will collect taxes from businesses that provide "betting, gaming, and cryptocurrency services to persons and organizations within the Republic of Zimbabwe."
The addition of crypto assets in the tax list, according to News24, is the latest hint from the Zimbabwean government that the country is gradually shifting its stance on cryptocurrency. Zimbabwe's monetary officials have previously stated that the country does not intend to accept cryptocurrencies, according to Bitcoin.com News.
Meanwhile, a News24 report states that as part of Daedalus World Limited’s tax revenue collection agreement with the government, internet giants like Google, Youtube and Facebook will be targeted.
Partnership between the public and private sectors
Despite previous statements by the central bank and others, information technology minister Jenfan Muswere's broad notification may indicate the government has changed its mind. The following is taken from the November 19 general notice:
"The Republic of Zimbabwe and Daedalus World Limited of Tortola, British Virgin Islands, have entered into a public-private partnership agreement under which Daedalus World Limited will assist the Republic of Zimbabwe by providing a revenue collection service by taxing qualifying companies that provide digital advertising, content, cloud computing, e-commerce [and] gambling."
The regulation of crytpo related activities is better than the ban option. What's your take on this?
The addition of crypto assets in the tax list, according to News24, is the latest hint from the Zimbabwean government that the country is gradually shifting its stance on cryptocurrency. Zimbabwe's monetary officials have previously stated that the country does not intend to accept cryptocurrencies, according to Bitcoin.com News.
Meanwhile, a News24 report states that as part of Daedalus World Limited’s tax revenue collection agreement with the government, internet giants like Google, Youtube and Facebook will be targeted.
Partnership between the public and private sectors
Despite previous statements by the central bank and others, information technology minister Jenfan Muswere's broad notification may indicate the government has changed its mind. The following is taken from the November 19 general notice:
"The Republic of Zimbabwe and Daedalus World Limited of Tortola, British Virgin Islands, have entered into a public-private partnership agreement under which Daedalus World Limited will assist the Republic of Zimbabwe by providing a revenue collection service by taxing qualifying companies that provide digital advertising, content, cloud computing, e-commerce [and] gambling."
The regulation of crytpo related activities is better than the ban option. What's your take on this?
