Nigerians kick as KuCoin announces 7.5% VAT charges on transaction fees from July 8, 2024

Crypto traders in Nigeria have kicked against plans by crypto exchange, KuCoin, to start charging Nigerian users of the platform 7.5% Value Added Tax (VAT) on transaction fees starting from July 8, 2024. Kucoin announced the plan to start charging VAT on Wednesday in an email to its Nigerian users, with the Federal Inland Revenue [...]The post Nigerians kick as KuCoin announces 7.5% VAT charges on transaction fees from July 8, 2024 appeared first on Nairametrics.

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