KuCoin in Nigeria to Implement 7.5% VAT on Cryptocurrency Transaction Fees from July 8

• KuCoin, a cryptocurrency firm in Nigeria, is now collecting VAT at a rate of 7.5% on transaction fees
• The VAT applies to cryptocurrency transactions from users in Nigeria
• The new policy went into effect on July 8, 2024

Source: ensafrica.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.