The Nigeria Revenue Service (NRS) has released comprehensive guidelines on the taxation of virtual assets, establishing a regulatory framework for cryptocurrency and other digital asset transactions in line with the Nigeria Tax Act, 2025, and the Nigeria Tax Administration Act, 2025.
In a public notice issued on Monday, the agency said the guidelines are directed at taxpayers, Virtual Asset Service Providers (VASPs), Peer-to-Peer marketplace operators, tax practitioners, and individuals engaged in virtual asset activities. The move is part of the Federal Government’s broader effort to expand Nigeria’s tax base and strengthen compliance within the fast-growing digital economy.
According to the NRS, the guidelines outline tax obligations including registration, reporting, record-keeping, valuation principles, and the tax treatment of digital asset transactions. The agency explained that the initiative is designed to provide clarity, certainty, and consistency in tax administration as virtual assets become increasingly integrated into Nigeria’s financial system.
“The issuance of these Guidelines is
