in 2015 having been suspended in 1985. CGT is charged at the rate of 5% of the gain. There are various exemptions on CGT provided under the ITA. The tax on rental income is a tax arising from the gains and profits for occupation of property. The ITA provides for various ways of taxing rental income; Where the rent is payable to a non-resident, the tenant is required to withhold 30% of the rent and remit it to the Kenya Revenue Authority. The tax withheld is a final tax. Where the rent is payable to a resident, if the property is commercial, the tenant being an appointed agent, is required to withhold 10 % of the rent. The tax withheld is not a final tax and the landlord is required to file their income tax in the usual way. Where the rent is payable to a resident and the property is residential, the landlord may opt to either pay a monthly rental income tax, computed at 10 % of the gross rent a (final tax) or pay the instalment tax and final income tax in the usual way. Stamp duty-
In its early years, Bitcoin quickly emerged as the payment method of choice for illicit entities actively facilitating illegal trades on the dark side of the internet. It is hard to discuss the history of Bitcoin without mentioning its famed connections with the dark web and how such affiliations were used as the major argument against the viability of digital assets. Particularly, the first online dark web marketplace, the Silk Road, relied heavily on Bitcoin as an alternative to conventional and highly-censored payment systems. In this piece, we will take a closer look at the emergence of the dark side of the internet and how Bitcoin was caught in its web. What Is the Dark Web? The dark web is the direct opposite of the internet system we have come to accept — a system where we usually don’t think twice about trying to preserve our anonymity or control who gets to see our personal data — we just use the services everyone else uses and who knows what info we are unwittingly giving aw