Nigeria: PwC Says New Crypto Tax Rules May Drive Up Compliance Costs
3 Articles
3 Articles
Nigeria wants to tax cryptocurrency. The operators of the sector fear a flight of capital to unregulated foreign platforms, to the detriment of the continent's first digital asset market.
New crypto tax rules may raise compliance costs -PwC
PwC Nigeria has raised concerns over several unresolved legal and practical issues in Nigeria’s new framework for taxing virtual assets, warning that ambiguities in the rules could create compliance challenges for taxpayers, companies and Virtual Asset Service Providers (VASPs). The professional services firm said the guidelines issued by the Nigeria Revenue Service (NRS) provide greater […]
Nigeria: PwC Says New Crypto Tax Rules May Drive Up Compliance Costs
By Emmanuel Nduka PwC Nigeria has identified several unresolved legal and practical issues in Nigeria’s new framework for taxing virtual assets, warning that ambiguities in the rules could increase compliance costs and create difficulties for taxpayers, businesses and Virtual Asset Service Providers (VASPs). The professional services firm said the guidelines recently issued by the Nigeria Revenue Service (NRS) provide greater clarity on the taxa…
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