Nigeria to charge 7.5% VAT on crypto transactions

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. It wrote: “Dear KuCoin User, We are writing to inform you of an important regulatory update that [...]The post Nigeria to charge 7.5% VAT on crypto transactions appeared first on National Daily Newspaper.

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