Nigeria’s Crypto Tax Transfer ‘Untimely’ — Native Officers

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Obinna Iwanna, stakeholder chairman of the Blockchain Know-how Affiliation of Nigeria (SIBAN), commented on the matter. Implementation of the 2023 Finance LegislationBecause of the untimely introduction of the legislation, it is going to be troublesome to efficiently implement it, Ivanna stated.

This legislation introduces a sequence of tax reforms geared toward modernizing the nation’s fiscal framework. Amongst its provisions was the introduction of a ten% tax on earnings from the disposal of digital belongings, together with: Cryptocurrency.

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