VAT

Highlights: Russia’s president has signed a new law legalizing crypto with taxation guidelines. The new law exempted VAT obligations for mining and sales. Income and profits will attract specified taxes based on some criteria highlighted in the new legislation. Russian […]

Highlights: UAE exempts crypto transfers and conversions from VAT, boosting appeal for digital asset businesses. New VAT rules simplify export documentation, easing the tax burden for businesses in the UAE. VAT exemption for investment fund management in the UAE reduces […]

Highlights: KuCoin will implement a 7.5% VAT on transaction fees for Nigerian users starting July 8, 2024. The VAT applies to transaction fees, not transaction amounts, affecting users with Nigerian KYC information. This move follows Nigerian government’s increased scrutiny of […]