@SirChidi95@cyberchain_ng Follow up in the coming week, as we will be sharing these transactions and how to tax them across our social media handles @chainkeeping
@CardaMika@SiBANnigeria We are not been taxed to death,
Note also that the CIT or PIT returns are not based on your inflows, but on gains, profit, and incomes (like capital gains which is the difference between your selling price and buying price, staking rewards, trading gains, airdrops or gifts).
@CardaMika@SiBANnigeria (a) First N800,000 at O%;
(b) Next N2,200,000 at 15%;
(c) Next N9,000,000 at 18%;
(d) Next N13,000,000 at 21%;
(e) Next N25,000,000 at 23%; and
(f) Above N50,000,000 at 25%.
@EfeIgbowe45081@SiBANnigeria You will be required to report your gains, income and profits from Crypto (self assessment). The VASPs are required to report the list of their customers, and so, if you do not report it, the tax authority can penalize you as an individual
@CardaMika@SiBANnigeria The tax rates for Company income tax is 30%, for Individual (Personal Income Tax) is ranging from 0 to 25%. GGT are now also taxed accordingly, if the Capital Gains were made by a Company, the company tax rate applies at 30% while if the Capital Gains were made by an individual
Join us this Saturday, September 27th - 10AM WAT, for a special Twitter session on "NTAA 2025 & Crypto: Navigating Digital Asset Taxation in Nigeria." Our expert panel will discuss the impact of Nigeria's new policies on crypto stakeholders.
https://t.co/7fnkF9ji6Q
Chainkeeping offers a unified platform to connect you to multiple clients and allows you to manage their digital asset financial reporting and tax compliance all in one.
Join our waitlist here https://t.co/MoKodJiv5x.
#Accounting#Tax#DigitalAsset#ICAN#ANAN#ACCA#blockchain
As a Digital Asset User, are you worried about how you will need to manually track your crypto transactions across different wallets and exchanges to comply with the recent Nigerian Digital Asset Tax Regulation? 😩
Read more on our blog at - https://t.co/dyfvWK6qyk
The newly proposed tax bill (Part 2, No. 4(j), explicitly states that “profits or gains from transactions in digital assets” are part of Incomes, Profits or gains chargeable to tax.
What do you need to know as a Digital Asset User?
READ MORE: https://t.co/otE42bWzJ0