- Nigeria’s Revenue Service has issued new guidelines to clarify how virtual assets, including cryptocurrency, are taxed.
- Profits and income from virtual asset transactions are mainly subject to a 10% capital gains tax on disposals by individuals or legal entities.
- The text does not mention any specific changes or guidance on VAT, GST, or other indirect taxes for these transactions.
Source: pavestoneslegal.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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