2024

Coin

<ul class="wp-block-list news-points"> 
 <li>The FIRS of Nigeria seeks support from the National Assembly to launch a new crypto regulatory bill.</li> 
 <li>The proposed bill intends to bring enhancements to the existing tax regulations.</li> 
 <li>The regulators envision addressing the growing demand for crypto and its potential risks.</li> 
</ul> 
Nigeria’s Federal Inland Revenue Service (FIRS) is proposing <a href="https://thenationonlineng.net/firs-unveils-plans-to-overhaul-tax-system-regulate-cryptocurrency/#google_vignette" target="_blank" rel="nofollow">new crypto regulations</a>, aiming to streamline tax rules and tackle potential risks in the rapidly growing crypto market. The agency is seeking support from the National Assembly for the bill. If approved, the bill is expected to be implemented in September 2024 as part of Nigeria’s broader vision of an advanced and transparent crypto tax system. 
FIRS Executive Chairman Zacch Adedeji unveiled the proposal during a meeting with the National Assembly’s Finance Committees. The bill aims to simplify and enhance existing tax laws, aligning with the ever-changing tech landscape. Adedeji stressed the need for collaboration between the FIRS and the National Assembly to create and implement the bill. 
Stakeholders have shown support for the proposed bill. Senator Sani Musa, Chairman of the Senate Committee on Finance, recognized the FIRS’s…
The post <a href="https://coinedition.com/nigeria-crypto-tax-new-regulations-coming-in-2024/">Nigeria Crypto Tax: New Regulations Coming in 2024</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Nigeria Crypto Tax: New Regulations Coming in 2024

Coin Edition

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