Crypto tax in Nigeria

[Supreme Donvic]

I tried to understand and read through the pdf and it seems the tax guidelines is trying to separate gains from investing in crypto and gains caused Naira inflation. Another thing is whether it can actually work. But is seems it has a clear understanding that if really applied is a good thing. The government is trying now to tax visual assets.

If the government have been putting taxed money into good use it would've been better but the current government i know is filled with criminals, they're never satisfied in looting and would continue using different policies to milk citizens, despite all the tax they've been collecting the inflation rate doesn't reduce, watch out and see how this goes they'll increase the percentage they'll collect as time goes.

We are slaves to the leaders of this country, the situation of Nigeria right now is very bad and the government is not doing anything to help, but when it concerns milking the citizens they are always very active. Collecting tax is not the problem the problem is using it for a good purpose. The government of Nigeria has failed a long time ago and I really don't care about them anymore. They should continue with the evil they are doing, one thing I am sure of is that no matter how they behave we the citizens of Nigeria Will survive and I believe one day Nigeria will get better.

[Samuel47]

Crypto tax in Nigeria In Nigeria, the government taxes cryptocurrency through capital gains, income tax on earnings like mining or staking and a 1.5% stamp duty on certain token transfers handled via registered exchanges. Profits from selling or trading digital assets are treated as taxable gains like imagine you using a local regulated exchange rate or buy 1 bitcoin BTC for 1000,000 or when you initially buy or fund the asset to 1.5 stamp duty applies dedicated directly to crypto by the platform bitcoin is a legit platform i really want us to start using bitcoin it real

[Odohu]

I really want to know how the government wants to achieve this in a country where most of the exchanges are not even registered in Nigeria neither do we have proper cryptocurrency regulation. I know that Tinubu is just being the tax collector that he is that is why they ate taxing everything and everyone including their proposal to tax fun givers. If the eventually implement this, I know many people will not be happy to pay these taxes and will be looking for how to avoid paying because most of those funds will be stolen.

[Plutomanian]

I really want to know how the government wants to achieve this in a country where most of the exchanges are not even registered in Nigeria neither do we have proper cryptocurrency regulation. I know that Tinubu is just being the tax collector that he is that is why they ate taxing everything and everyone including their proposal to tax fun givers. If the eventually implement this, I know many people will not be happy to pay these taxes and will be looking for how to avoid paying because most of those funds will be stolen.

People will tend to accept to pay tax only when they know and they're promised that this taxes will serve for the betterment of the country and also the revenue will be utilized in a good infrastructures of the country, it's just a matter of time before we can see and acknowledge what he government is doing. Enacting the crypto tax in Nigeria is definitely going to be challenging because most of this crypto exchanges operates outside of the country and the government have absolutely no control over it.

Crypto tax can be more diversing when we know the path to follow and become very advanced with the duties we're carrying out. We do know that without any legal framework or cooperation from external crypto exchanges, it means this tax enforcement is not going to function properly because we know Nigerians and what they're capable of doing.