The Nigeria Revenue Service (NRS) published its Guidelines on the Taxation of Virtual Assets on 31 July 2026. The document establishes a clear and standardised framework for the tax administration of virtual assets (VAs) and VA transactions across Nigeria.
The guidelines apply broadly. They are directed at individual taxpayers, Virtual Asset Service Providers (VASPs), Peer-to-Peer (P2P) marketplace operators, tax consultants, financial institutions, and any other person engaged in VA-related activities. The NRS's decision to name P2P operators explicitly reflects a recognition that informal and decentralised trading channels carry the same tax obligations as exchange-based transactions.
The full detail of the substantive rules, including any specific rates, reporting obligations, or compliance deadlines, is set out in the guidelines themselves. Practitioners advising clients with Nigerian virtual asset exposures should review the primary document directly.