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.
Zimbabwe’s Stance on Crypto
The Zimbabwean government recently said it had entered into an
agreement with the British Virgin Islands-based Daedalus World Limited
wherein the latter is expected to collect taxes from companies that
offer “betting, gaming and cryptocurrency services to persons and
organisations within the territory of the Republic of Zimbabwe.”
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.
Public-Private Partnership
Despite these past pronouncements by the central bank and others, a
general notice published by the information technology minister Jenfan
Muswere may suggest the government has had a change of heart. The
November 19 general notice states:
“The Republic of Zimbabwe entered into a public-private partnership
agreement with Daedalus World Limited of Tortola, British Virgin
Islands, 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.”
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.
source link : https://news.bitcoin.com/zimbabwe-signs-agreement-enabling-collection-of-taxes-from-crypto-and-e-commerce-entities/
