Virtual-Asset

Business

PwC Warns Nigeria’s New Crypto Tax Rules Could Raise Compliance Costs

Ogochukwu Onwaeze, THEWILL -
PwC says unresolved issues around wallet transfers, asset valuation and withholding tax could complicate compliance. VASPs face extensive reporting and tax-administration duties, with penalties reaching N10 million for the first month of default. The firm says clearer guidance...
Business

PwC Warns Virtual-Asset Traders, Merchants Of Penalties Under NRS Tax Rules

Ogochukwu Onwaeze, THEWILL -
Virtual-asset tax defaulters face a N10 million penalty in the first month and N1 million for every subsequent month, according to PwC’s analysis of the NRS guidelines. Failure to deduct tax at source attracts a 40 percent penalty,...
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Latest News

NewsFelix Ifijeh, THEWILL -

PFIPC: Court Remands Adeyemi In Kuje Prison

Adeyemi was arraigned before Justice Mohammed Garba Umar by the Federal Government through the police following allegations that he falsely presented himself as the Director-General of the purported council and used forged documents to give the organisation an appearance of official government backing.
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