Oluwafunbi Bello 
Chairman of the Nigeria Revenue Service, Zacch Adedeji.
ABUJA, Nigeria – The Nigeria Revenue Service (NRS) has introduced comprehensive virtual assets taxation guidelines, establishing a new tax framework for cryptocurrencies and other digital assets under the Nigeria Tax Act, 2025 and the Nigeria Tax Administration Act, 2025.
The new guidelines, announced in a public notice on Monday, set out the tax obligations for individuals and businesses involved in the rapidly growing virtual asset ecosystem, including Virtual Asset Service Providers (VASPs), peer-to-peer (P2P) marketplace operators, tax practitioners and other digital asset participants.
According to the NRS, the framework is designed to provide greater clarity, consistency and certainty in the taxation of digital asset transactions as Nigeria seeks to strengthen tax compliance and expand government revenue from the digital economy.
The agency said the guidelines outline registration procedures, reporting obligations, record-keeping requirements, valuation principles and the applicable tax treatment for various virtual asset transactions.
The move comes as cryptocurrencies and other digital assets gain wider adoption in Nigeria, one of Africa’s largest digital asset markets, prompting authorities to strengthen regulatory oversight and align tax administration with emerging financial technologies.
“The guidelines provide clarity on tax obligations for taxpayers, Virtual Asset Service Providers, Peer-to-Peer marketplace operators, tax practitioners and all other participants within the virtual asset ecosystem,” the agency stated.
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Oluwatobi Adu 
