Tax and records: what every African P2P merchant should keep
Rules differ by country and are changing. What does not differ is the record that protects you, and it is the same one in every market.
The rules are moving, in one direction
Across the continent, crypto is moving from unregulated to regulated at different speeds and in different ways. Predicting the details of your own market is not something an article can do for you, and anyone confidently telling you the final shape is guessing.
What is safe to say is the direction. More reporting, not less. More questions about source of funds, not fewer.
One record answers every version of the question
Whatever your country decides, the thing that protects you is the same: a complete, ordered record of every trade, with dates, amounts, counterparties, fees, and what you actually netted.
- Every buy and every sell, in the order they happened.
- The fee on each side, because gross figures overstate what you earned.
- Cost basis worked out first in first out, per exchange and per asset.
- A yearly summary you can hand to a bank or an accountant without rebuilding it from screenshots.
Build it before you need it
Nobody starts keeping records the week trading is going well. It happens after a bank asks a question, and by then the exchange has deleted the half of the history that would have answered it.
P2Proof keeps that record automatically across Bybit and Bitget, in your own currency, and exports it as PDF or CSV whenever it is asked for.