Tag: Tax compliance
Nigerian Kucoin Users Subjected to 7.5% VAT on All Transactions
Kucoin, a popular cryptocurrency exchange, recently announced that Nigerian users will now be subjected to a 7.5% value-added tax (VAT) on all transactions starting July 8th. This decision was made following a regulatory update...
New IRS Cryptocurrency Tax Rules Explained – CoinJournal
The IRS has recently introduced new tax reporting rules for cryptocurrency brokers, which are set to take effect in 2025. This framework requires crypto brokers, hosted wallet services, and digital asset outlets to file...
U.S. Treasury Announces Crypto Tax Rules for 2025, Delays Non-Custodian Regulations
The U.S. Department of the Treasury's Internal Revenue Service has announced new tax rules for cryptocurrency transactions that will take effect in 2025. Crypto brokers will be required to file 1099 forms similar to...
