Crypto platform to collect 7.5% VAT on transactions in Nigeria

KuCoin, a cryptocurrency exchange, has announced that it will start collecting a 7.5 per cent Value-Added Tax on transaction fees for users in Nigeria, effective July 8, 2024. The platform made this disclosure in a statement posted on its X account on Wednesday. This means that for every trade, a 7.5 per cent tax will Read More

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