The Nigeria Revenue Service (NRS), has issued comprehensive guidance aimed at bringing cryptocurrency and other digital-asset activity into the country’s formal tax system.
The move is intended to widen the tax base as the country’s digital economy expands.
The Guidelines on the Taxation of Virtual Assets, published on the NRS website, set out registration, reporting and record-keeping requirements, valuation principles and the tax treatment of virtual-asset transactions under the Nigeria Tax Act, 2025, and the Nigeria Tax Administration Act, 2025.
The agency said the framework applies to taxpayers, virtual-asset service providers, peer-to-peer marketplace operators, tax practitioners and individuals engaged in virtual-asset activities.
“The Guidelines provide a clear administrative framework for the taxation of virtual assets in Nigeria,” the NRS said in a public notice.
According to the notice, the measures are designed to promote voluntary compliance, enhance transparency and bring greater certainty to tax administration as digital assets become more integrated into the financial system.
The release follows broader tax reforms enacted in 2025 that revised Nigeria’s tax code and administration.
NewsQuest reports that the Federal Government has in recent years shifted from restrictive stances on cryptocurrency to policies that aim to regulate and tax the sector, reflecting its growing economic footprint and the government’s push to boost revenue.
The NRS urged affected stakeholders to familiarise themselves with the new provisions and to ensure full compliance.
The guidelines are available for download from the agency’s official website.
