Nigeria Unleashes New Tax Rules on Crypto, Digital Assets
Nigeria's Revenue Service (NRS) has rolled out comprehensive guidelines for taxing virtual assets, signaling a new era for cryptocurrency and digital asset operations within the nation. This move targets Virtual Asset Service Providers and P2P marketplaces, aiming to formalize the burgeoning digital economy. The directive underscores Nigeria's intent to regulate and benefit from its dynamic tech landscape.
The Nigeria Revenue Service (NRS) has issued guidelines on the taxation of virtual assets. In a public notice signed by the Management and posted on the NRS X handle on Monday, the Service stated that “NRS wishes to inform taxpayers, Virtual Asset Service Providers (VASPs),
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