According to the Nigerian finance minister, Zainab Ahmed, the country’s 2022 finance bill — which seeks to amend excise and duty statutes — has provisions allowing the government to collect tax on cryptocurrency and other digital currency transactions. The taxation of such transactions fits with the Nigerian government’s broader goal of extracting more revenue from e-commerce transactions, Ahmed reportedly said.
Meanwhile, the report states that after Ahmed ended her presentation, the state governors for Sokoto, Borno, Kaduna, Kebbi, and Ogun all commented on the bill. Their input is reportedly included in the draft bill which must be sent to the Federal Executive Council. After this step, it then goes to the Nigerian national assembly.Tags in this story
Nigeria has over 50% crypto currency usage and now they are taxing their citizens for using it... government can't keep their fingers out of everyone's pockets 🙃
Crypto, it seems to me, is very important for the economy of Africa
It is Nigeria
With their vast amounts of crude oil reserves, one would think that extracting taxes additional out of the population is counterproductive to the growth and development of their country and it is. Bitcoin adoption can only help their self determination.
When it starts collecting taxes on cryptocurrency transactions, Nigeria will join fellow African countries like South Africa and Kenya which already do so.
Not good
You forget this Money! Civtrade CivFarm civfund civwagmi this Is what I would to receive for christmas 🎅
You forget this Money! Civtrade CivFarm civfund civwagmi this Is what I would to receive for christmas 🎅
You forget this Money! Civtrade CivFarm civfund civwagmi this Is what I would to receive for christmas 🎅
Phi tập trung mà! Tại sao chúng tôi lại phải đóng thuế Tiền điện tử có phi tập trung không? Bản chất của phi tập trung là gì?
And US is still stuck with regulations lol
Hey Everyone, Who among you here heard about Moeta? Anyways, It has a live Staking right now. I'm pretty sure, Take off 🚀🚀🚀 will be happening very soon as buys flowing 🔥🔥🔥 Burn
NGMI
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