NRS Releases Guidelines on Virtual Assets Taxation
The Nigeria Revenue Service, NRS, has issued a comprehensive guidelines on the taxation of virtual assets, providing a regulatory framework for the taxation of cryptocurrency and other digital asset transactions in line with the Nigeria Tax Act, 2025, and the Nigeria Tax Administration Act, 2025.
This was disclosed in a public notice issued on Monday by the NRS, while noting that the new guidelines are aimed at taxpayers, virtual asset service providers, peer-to-peer marketplace operators, tax practitioners and individuals engaged in virtual asset activities.
According to the agency, the document establishes a clear administrative framework governing tax obligations for virtual asset transactions in Nigeria.
