Crypto tax is here and everyone is suddenly a financial expert
3 months ago
So I'm at the co-working space today and the gist is all about this new crypto tax framework. Bros who couldn't explain blockchain last year are now talking about capital gains like they went to Harvard. It's giving 'I read one tweet and I'm now an expert'.
The thing is, I've been quietly trading small small since 2021. Not big money, just enough to annoy my friends when I tell them I made profit. Now they want to tax it? In this economy where naira no dey steady? I'm not saying I want to evade tax, but the irony is not lost on me. They want to tax my crypto gains but the roads in Yaba still look like the surface of the moon.
I'm curious to see how this actually plays out. Will they even have the infrastructure to track everything? Or is this just another way to collect money from the few people who are actually trying to survive? Make it make sense.
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