Nigeria to begin collection of 7.5% VAT on crypto transactions July 8

The Federal Government will begin the collection of Value-Added Tax of 7.5 percent on every cryptocurrency transaction from July 8. One of the cryptocurrency platforms in the country, KuCoin, disclosed this in an email to its users and obtained by Ripples Nigeria on Wednesday. It wrote: “Dear KuCoin User, We are writing to inform you [...]The post Nigeria to begin collection of 7.5% VAT on crypto transactions July 8 appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

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