Nigeria Introduces Crypto Tax Rules, Makes Tax ID Mandatory for New Accounts
- Nigeria now requires a Tax ID to open new accounts on regulated crypto exchanges and P2P platforms.
- New guidelines introduce clear tax rules for cryptocurrencies, stablecoins, and other virtual assets.
- Medium and large companies will pay 30% corporate tax on profits from crypto transactions.
Nigeria has introduced a comprehensive tax framework for virtual assets, setting new compliance requirements for crypto users, exchanges, and peer-to-peer (P2P) operators. Specifically, the Nigeria Revenue Service (NRS) has made a Tax Identification Number (Tax ID) mandatory for anyone opening a new crypto account on regulated platforms.
The guidelines, released on Monday under the Nigeria Tax Act, 2025, and the Nigeria Tax Administration Act, 2025, also explain how cryptocurrencies, stablecoins, tokenized assets, and other virtual assets will be taxed.
NRS’ Tax Framework f…
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