September 4, 2024 at 10:18 PM GST updated: September 4, 2024 at 02:21 PM 2 mins read News Japan’s FSA plans a 2025 crypto tax overhaul, aiming to cut taxes from 55% to 20%, potentially boosting adoption. Japan’s crypto tax reform could reduce tax rates and broaden loss offsets, making the market more attractive to…
August 21, 2024 at 08:00 AM GST updated: August 21, 2024 at 02:32 AM 2 mins read News Nigeria’s SEC to issue its first crypto licenses this month, aligning with global regulatory trends. Upcoming Nigerian bill aims for September debut to establish tax framework for cryptocurrencies. Nigeria moves against crypto tax evasion, mirroring increased global…
The Nigerian government is looking to impose taxes on the cryptocurrency industry. The Federal Inland Revenue Service (FIRS) plans to introduce a new tax law to achieve this. Despite being a major crypto market, Nigeria currently receives minimal tax income from crypto-related activities. The FIRS is seeking support from the Nigerian National Assembly to implement…
The Nigerian Federal Inland Revenue Service (FIRS) plans to introduce legislation to tax the growing crypto sector, according to local media outlet Business Day. FIRS Executive Chairman Zacch Adedeji announced this during a session with the National Assembly’s Finance Committees, highlighting that the new regulation would drive economic growth while encouraging innovation. Adedeji emphasized that…