The Nigerian government has passed a new tax law that allows for the traceability of cryptocurrency transactions and their inclusion in the tax declaration system.
BlockBeats News, January 13th, according to TechCabal, the Nigerian government, through a new tax law, will associate crypto transactions with real identities using Tax Identification Numbers (TIN) and National Identity Numbers (NIN), enabling crypto transactions to be traced and integrated into the tax reporting system without compromising the underlying blockchain. Virtual Asset Service Providers (VASPs) are required to collect and report customer TIN/NIN, name, address, and other information, submit monthly transaction reports to the tax authorities as mandated, and report large or suspicious transactions to law enforcement.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Apple (AAPL.US) foldable screen device sells out worldwide! Foxconn states: With 240 global sites, we are "very confident" in meeting demand
iPhone Duo deliveries have been scheduled through the end of January. Hon Hai's rotating CEO stated that its 240 global sites can ensure supply, and the AI business has already contributed 51% of the company's revenue.
BNB falls below 685 USDT, 24-hour drop of 1.93%
Ethereum falls below $2200, down 6.1% in 24 hours
Crypto prices
More
