KuCoin To Enforce 7.5% VAT On Nigerian Trades Amid Regulatory Changes

Crypto exchange KuCoin said it would start collecting a 7.5% value-added tax (VAT) on trading fees from its Nigerian users on July 8. According to a July 3 statement, the firm said: “Starting from July 8th, 2024, we will begin collecting a Value-Added Tax (“VAT”) at a rate of 7.5% on transaction fees in each

Source: Bitcoin World