Nigerian government can be successful with the new taxation law by having crypto platforms that are registered and operating in the country like Remitano, Luno, Roqqu, Bitmama, NairaEx etc. pay for their taxes but...Is this tax also applied to individuals using or trading cryptocurrency in these platforms? If yes... Do you think they will have any luck in taxing individuals using this platforms since we've not really had good results in collecting taxes from physical businesses? Also, most of these crypto merchants charges high transaction fees already and with the new law in place, can these platforms include a tax fee for every transactions without most users noticing?
https://cointelegraph.com/news/nigeria-to-tax-crypto-digital-assets-10-on-capital-gains-experts-react/ampIt's even more difficult for government to tax people in the physical business than online because Nigeria already has data collection issues and that makes it difficult taxing physical business and thus we have a lot of tax invaders, but in the case of joining hands with these exchanges to tax crypto traders ,It will be easy for them to achieve their goal if they mean business and wants the crypto exchanges to cooperate, these exchanges already have existing datas of these individuals trading in their platforms through KYC registration process.
For instance ,They've had huge amount of success in taxing the mobile phone users in the country with the help Network operators in the country like MTN and Airtel.