Gambia Compliance Report

Regulatory Overview

Regulatory Status

Dedicated crypto/VA legislation, licensing regime, active enforcement

Key Regulator(s)

**Cautious Stance from Regulators, **Engage with Regulators

Primary Legislation

[object Object], [object Object], [object Object], [object Object], [object Object], [object Object], [object Object], [object Object]

Travel Rule

Not adopted

Tax Reporting

**Current Law:** The Gambia does not have a separate Capital Gains Tax Act for individuals on most assets. Capital gains are generally taxed under the Income Tax Act if they arise from a trade or business, or from the disposal of specific types of assets like real estate or shares in a company.. **Application to Crypto:**. If an individual acquires and disposes of cryptocurrency as a speculative investment (i.e., not within the scope of a business), it is generally **unlikely to be subject to capital gains tax** in The Gambia, similar to gains from other movable personal property.. However, if an individual is involved in frequent trading of cryptocurrency to the extent that it constitutes a "business" or "adventure in the nature of trade" (a factual determination), any profits derived could be subject to **income tax** at their individual income tax rates (see "Income Tax" section below).. **For Businesses:** If a business holds and disposes of cryptocurrency, any gains realized would likely be treated as part of the business's taxable income and subject to corporate income tax rates.

Key Facts

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