The Nigeria Revenue Service (NRS) has rolled out new Guidelines on the Taxation of Virtual Assets, introducing a comprehensive administrative framework for taxing cryptocurrency and other digital asset transactions in the country.
The public notice, signed by the Management of the Nigeria Revenue Service and the Joint Revenue Board, announced that the guidelines are targeted at taxpayers, Virtual Asset Service Providers (VASPs), Peer-to-Peer (P2P) marketplace operators, tax practitioners, and all individuals and organisations engaged in virtual asset activities.
According to the NRS, the framework outlines key tax obligations, including registration, reporting and record-keeping requirements, valuation principles, and the tax treatment of virtual asset transactions. The guidelines were developed in accordance with the provisions of the Nigeria Tax Act, 2025 and the Nigeria Tax Administration Act, 2025.
The Service said the initiative is designed to provide clarity, certainty and consistency in the administration of tax laws relating to Nigeria’s rapidly expanding virtual asset ecosystem.
It added that the guidelines will promote voluntary tax compliance, enhance transparency, and support the development of a fair and efficient tax framework for digital asset transactions.
The NRS urged all affected taxpayers and stakeholders to familiarise themselves with the provisions of the guidelines and ensure full compliance with applicable tax obligations.
The Guidelines on the Taxation of Virtual Assets are available for download on the Nigeria Revenue Service website: www.nrs.gov.ng�
