Binance: Crypto Platforms Impose 7.5% VAT On Transactions - Business (2)

Binance: Crypto Platforms Impose 7.5% VAT On Transactions - Business (2) - Nairaland

Nairaland Forum › Nairaland General › Business › Binance: Crypto Platforms Impose 7.5% VAT On Transactions (13268 Views)

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Re: Binance: Crypto Platforms Impose 7.5% VAT On Transactions by StOla: 5:01pm On Jul 04, 2024

FreeStuffsNG:
Nice one by FIRS.

They now need to register with FIRS, SEC, CBN and CAC to come under full Nigerian financial investment regulations. 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!

Everyone must pay tax, as long as you earn an income and you are resident in Nigeria.

Even Americans and Europeans who are working outside their respective countries, pay tax to their home country as long as they are still registered as resident in that country.

1 Like

Re: Binance: Crypto Platforms Impose 7.5% VAT On Transactions by Trimjos: 5:05pm On Jul 04, 2024

heysquare:
Has his family comes to your doorstep to beg for alms? Pity your own self abeg

Shut up there, clōwn

Re: Binance: Crypto Platforms Impose 7.5% VAT On Transactions by AngelicBeing: 5:14pm On Jul 04, 2024

ICTspecialist:
God punish you and your useless law.
You idiot

Re: Binance: Crypto Platforms Impose 7.5% VAT On Transactions by lomprico(m): 5:19pm On Jul 04, 2024

Hehehehe

Tinubu's money grin

Re: Binance: Crypto Platforms Impose 7.5% VAT On Transactions by lomprico(m): 5:21pm On Jul 04, 2024

Primusinterpares:
The tax payments is not the issue. Hope these politicians won't loot all these taxes?

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

Re: Binance: Crypto Platforms Impose 7.5% VAT On Transactions by digitaccountant: 5:22pm On Jul 04, 2024

Digital Assets is becoming crucial to the world economy.

Re: Binance: Crypto Platforms Impose 7.5% VAT On Transactions by dvkot(m): 5:25pm On Jul 04, 2024

Well i think it's ok

Re: Binance: Crypto Platforms Impose 7.5% VAT On Transactions by Moneyboyz: 5:26pm On Jul 04, 2024

Paraman:
https://punchng.com/binance-crypto-platforms-impose-7-5vat-on-transactions/?utm_source=telegram&utm_medium=social

Time to leave for Bybit.

Re: Binance: Crypto Platforms Impose 7.5% VAT On Transactions by YouAreNobody: 5:26pm On Jul 04, 2024

FreeStuffsNG:
Nice one by FIRS.

They now need to register with FIRS, SEC, CBN and CAC to come under full Nigerian financial investment regulations. 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!

You tend to ascribe some nonsense importance to your country

Re: Binance: Crypto Platforms Impose 7.5% VAT On Transactions by Lawalemi(m): 5:33pm On Jul 04, 2024

How do I recover my money from Binance?

Re: Binance: Crypto Platforms Impose 7.5% VAT On Transactions by Ojuntana: 5:38pm On Jul 04, 2024

FreeStuffsNG:
Nice one by FIRS.

They now need to register with FIRS, SEC, CBN and CAC to come under full Nigerian financial investment regulations. 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!

Same mouth you used to call Crypto fraud? Wow!!

1 Like 1 Share

Re: Binance: Crypto Platforms Impose 7.5% VAT On Transactions by Matheusmartin: 5:41pm On Jul 04, 2024

kaytolee:
He shoke you

.
Nothing dey shock me again for this emilokan regime

1 Like

Re: Binance: Crypto Platforms Impose 7.5% VAT On Transactions by Ojuntana: 5:42pm On Jul 04, 2024

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.

What about holding the govt accountable for the money?

Re: Binance: Crypto Platforms Impose 7.5% VAT On Transactions by PUNANI01: 5:44pm On Jul 04, 2024

Use other platforms! Them plenty..

Re: Binance: Crypto Platforms Impose 7.5% VAT On Transactions by Bliztzer: 5:50pm On Jul 04, 2024

Paraman:
https://punchng.com/binance-crypto-platforms-impose-7-5vat-on-transactions/?utm_source=telegram&utm_medium=social

Awon apc werey don use style style enter dem. Criminals in power!

Re: Binance: Crypto Platforms Impose 7.5% VAT On Transactions by Bliztzer: 5:52pm On Jul 04, 2024

dvkot:
Well i think it's ok

Is like telling you to pay 7.5 percent for every transaction you make in banks. If this happens in nigerian banks me I dey go bank again

Re: Binance: Crypto Platforms Impose 7.5% VAT On Transactions by Angel55555(m): 5:58pm On Jul 04, 2024

ICTspecialist:
God punish you and your useless law.
You idiot

Everybody dey para right now. Lol.

Re: Binance: Crypto Platforms Impose 7.5% VAT On Transactions by yinkeys(m): 6:01pm On Jul 04, 2024

Never use binance again
grin

Re: Binance: Crypto Platforms Impose 7.5% VAT On Transactions by Obierika(m): 6:08pm On Jul 04, 2024

Ddon99:
They forget, they are plenty Crypto exchanges

All of them will still charge it

Re: Binance: Crypto Platforms Impose 7.5% VAT On Transactions by nedu666: 6:14pm On Jul 04, 2024

You ban crypto, shut down mist exchange then turn around to demand tax. Na craze man be dat

Re: Binance: Crypto Platforms Impose 7.5% VAT On Transactions by ogascomax: 6:19pm On Jul 04, 2024

Some of you are happy about this. You don't know the risk involved in crypto trading. Do the government share the risk involved. I find it insane with citizens takes side with the government over other citizens.

Re: Binance: Crypto Platforms Impose 7.5% VAT On Transactions by SyrusdeHansome(m): 6:19pm On Jul 04, 2024

Moneyboyz:
Time to leave for Bybit.

I don't like Bybit one bit.

Re: Binance: Crypto Platforms Impose 7.5% VAT On Transactions by Moneyboyz: 6:24pm On Jul 04, 2024

SyrusdeHansome:
I don't like Bybit one bit.

I had to fall in love with it after binance hullabaloo.

It's actually good once you learn how to navigate it.

Re: Binance: Crypto Platforms Impose 7.5% VAT On Transactions by Livelystone01: 6:38pm On Jul 04, 2024

Andrea781:
Binance just shot themselves.

The writer is mischievous, Binance did not say that only Kucoin.

Re: Binance: Crypto Platforms Impose 7.5% VAT On Transactions by Tradepunter2: 6:41pm On Jul 04, 2024

Talismann:
I pity your family

Na big mumu that one be.....

Re: Binance: Crypto Platforms Impose 7.5% VAT On Transactions by Tradepunter2: 6:43pm On Jul 04, 2024

OKOATA:
The same crypto you and your likes supported to be banned and ruined many guys buisnesses and now you are here shining your rotten teeth on what you hate and no nothing about. Olodo ni e. Free stuff ko, free porn ni.

Leave the useless fooooool.... He is a cursed one

Re: Binance: Crypto Platforms Impose 7.5% VAT On Transactions by dvkot(m): 6:55pm On Jul 04, 2024

Bliztzer:
Is like telling you to pay 7.5 percent for every transaction you make in banks. If this happens in nigerian banks me I dey go bank again

well this happened in crypto so it's fair, several countries placed tax on it some even ban it..

Re: Binance: Crypto Platforms Impose 7.5% VAT On Transactions by Alamkir: 7:17pm On Jul 04, 2024

shakol91:
do you know what they call escrow? We have hundreds on whatsapp and telegram

Can u expand I will like to know more about this

Re: Binance: Crypto Platforms Impose 7.5% VAT On Transactions by Malcommx: 7:25pm On Jul 04, 2024

99thEnemy:
Make I see how you wan use Naira purchase crypto from others wey no dey registered for Naija.

You no smart at all

Re: Binance: Crypto Platforms Impose 7.5% VAT On Transactions by 99thEnemy(m): 7:27pm On Jul 04, 2024

Malcommx:
You no smart at all

You wey smart, how you wan take do am if not to use escrows without a standard platform that are all illegal.

understand context before displaying stupidity.

1 2 3 Reply

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