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Binance: Crypto Platforms Impose 7.5% VAT On Transactions - Business (3) - Nairaland

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Banks To Charge Nigerians For Cybersecurity Levy on Transactions / FIRS Warns Against Evasion As 7.5% VAT Begins / Nigerians To Pay 5% VAT On Online, Internet Transactions January 2020 — FIRS (2) (3) (4)

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Re: Binance: Crypto Platforms Impose 7.5% VAT On Transactions by Tooreda: 7:46pm On Jul 04
FreeStuffsNG:
Nice one by FIRS.

They now need to register with FIRS, SEC, CBN and CAC to come under full Nigerian financial investment regulations to regulate it, keep them away fraudsters and give it a utility value instead of being a pyramid/ponzi scheme.

Even their employees must pay Personal income tax while their platform users must pay capital gains tax.






May God bless Nigeria for ever! Check my signature for free stuffs!


Be capping nonsense
Re: Binance: Crypto Platforms Impose 7.5% VAT On Transactions by seunmsg(m): 7:50pm On Jul 04
Binance is yet to issue a statement in respect of this sha. Only Kukoin did yesterday.

1 Like

Re: Binance: Crypto Platforms Impose 7.5% VAT On Transactions by AntiTerrorist: 8:35pm On Jul 04
ICTspecialist:
that dumb thing you're quoting is on government payroll, so those comments are expected
I suspect they are being paid by Lagos state government. Those bastards reside in Lagos.

1 Like 1 Share

Re: Binance: Crypto Platforms Impose 7.5% VAT On Transactions by daygee12: 9:18pm On Jul 04
givedemwotowoto:
Buhari and Tinubu scare investors with bad policies while hoping investors show up at Nigeria’s doorstep

Binance na investor?

1 Like

Re: Binance: Crypto Platforms Impose 7.5% VAT On Transactions by azpekuliar: 9:34pm On Jul 04
FreeStuffsNG:
Nice one by FIRS.

They now need to register with FIRS, SEC, CBN and CAC to come under full Nigerian financial investment regulations to regulate it, keep them away from fraudsters and give it a utility value instead of being a pyramid/ponzi scheme.

Even their employees must pay Personal income tax while their platform users must pay capital gains tax as paid by investors in other regulated investments in Nigeria.

May God bless Nigeria for ever! Check my signature for free stuffs!

Your song don change now. U don taya to cry ban crypto.
Re: Binance: Crypto Platforms Impose 7.5% VAT On Transactions by bigcee(m): 10:05pm On Jul 04
Artscollection:
Cypto traders should avoid kucoin, your data is no longer safe with kucoin. What this means is that fg can assess your info on request.
Really?
Re: Binance: Crypto Platforms Impose 7.5% VAT On Transactions by Mrexcell(m): 12:43am On Jul 05
StOla:


What are you running from?

Why must your transaction be secret and hidden from financial audit?

There are countries where you must pay tax on any income made, even on cryptocurrency trading platforms, and your national ID number is a requirement before you can even register on such platforms.

So keep running, but as long as you want to use a platform that the government allows to operate within its national space, the rules remain the same everywhere.

I commend the government for establishing all manner of controls and ensuring everyone is captured in the tax bracket.

No one sbould be left out, be it a worker in an office, or a digital content creator on social media.

All must pay tax as long as income is earned.


After collection of the tax what next? Won't corrupt politicians use it for luxurious lifestyles for themselves while leaving the poor masses to their fate as usual?
Re: Binance: Crypto Platforms Impose 7.5% VAT On Transactions by SyrusdeHansome(m): 3:46pm On Jul 05
Moneyboyz:

I had to fall in love with it after binance hullabaloo.
It's actually good once you learn how to navigate it.
With their low rate?
Re: Binance: Crypto Platforms Impose 7.5% VAT On Transactions by Primusinterpares(m): 7:48pm On Jul 05
lomprico:


Hahahaha
You are hoping? Money whey Dem don plan how to lavish on olosho.
Pathetic of them

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