Tanzania Looks to Amend Income Tax Act to Tax Crypto Trades: https://yakihonne.s3.ap-east-1.amazonaws.com/953281df0361f1a7ff836841c2b978b8d606b035e7d07b8d148c72e50b4d78a7/files/1718710201204-YAKIHONNES3.jpg 
Tanzania has released a proposal to amend the Income Tax Act in a move to include a 3% withholding tax on income derived from crypto transactions.

The nation’s Finance Minister Hon. Dr. Mwigulu Lameck Nchemba Madelu laid the proposal during a recent National Assembly meeting. The minister presented Tanzania’s revenue and expenditure for the year 2024/25, a local report noted. 

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 Tanzania is not the only African country looking to tax cryptocurrencies. Kenya, for example, has plans to tax crypto trades by imposing a 3% deduction on the transfer or exchange value of digital assets  . It's worth noting that South Africa does not have an explicit rule on crypto taxation, but existing rules already cover the taxation of digital assets 

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