Overview
On July 31, 2026, the Nigeria Revenue Service (NRS) released its premier Guidelines on the Taxation of Virtual Assets, establishing a standardised administrative framework for the taxation of Virtual Assets and Virtual Asset Service Providers (VASPs) operating in Nigeria.
Overall, the Guidelines give effect to relevant provisions of the Nigeria Tax Act 2025 and the Nigeria Tax Administration Act 2025, providing an administrative framework for the taxation, reporting and compliance obligations applicable to virtual asset transactions in Nigeria.
Accordingly, our latest insight critically examines the key provisions of the guidelines.
