Chainkeeping

@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

@cyberchain_ng So pls does it mean ...I get taked for everything crypto I received or send out

@SirChidi95 @cyberchain_ng No, there are taxable and non-taxable digital assets transactions. Only the taxable transactions are taxable

@moniegro @SiBANnigeria Gifts are taxable as part of Benefits in Kind

@SiBANnigeria Airdrops are likened to a gift, gifts are not meant to taxed, so why are airdrops being taxed?

@EfeIgbowe45081 @SiBANnigeria Yearly

@SiBANnigeria I'm sorry I need clarification. For the PIT is it 800k monthly or yearly? Also I agree with the speaker who says the government has yet to formally recognise the sector but wants tax from it. Do they now mean I people wont be penalized for accepting crypto as a means of payment

@CardaMika @SiBANnigeria Your losses are also deductible and allowed to be carried forward for deductions when you later make profits

@SiBANnigeria Taxing Nigerians to death ! Nice one!! Let's go!!

@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%.

@SiBANnigeria What are the tax rates? Are you saying chargeable gains don't fall under CGT? - For Emeka

@EfeIgbowe45081 @SiBANnigeria Note also that PIT returns are not based on your inflows, but on gains, profit, and incomes (like airdrops or gifts)

@SiBANnigeria Does that mean the federal government is going to be tracking our crypto wallets..seeing what we have in it and expecting PIT returns from inflows yearly?

@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 Personal Income Tax rate applies

@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

@SiBANnigeria Join the Chainkeeping WAITLIST here for more updates and the be amongst the platform's beta testers docs.google.com/forms/d/e/1FAI…

@tweetbraille @SiBANnigeria @WMugana

@SiBANnigeria Pls what’s the name of the @chainkeeping speaker?

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. x.com/i/spaces/1OwxW…

👋Say goodbye to unorganized digital asset management! Seamlessly manage Invoicing, Payments, Payroll, and integrate your Accounting Software. Join our waitlist! - website.chainkeeping.xyz/join-waitlist. #CryptoSolutions #chainkeeping #CryptoAccounting #cryptotaxes #digitalassets

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 website.chainkeeping.xyz/join-waitlist. #Accounting #Tax #DigitalAsset #ICAN #ANAN #ACCA #blockchain

@HameedJina90984 @FinPlanKaluAja1 The Nigerian Naira

@FinPlanKaluAja1 What's the cNGN backed by?

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 - blog.chainkeeping.xyz/understanding-…

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: lnkd.in/d-uRQ_-4