Nigeria’s revenue authority has issued detailed crypto tax rules for exchanges and P2P marketplace operators to collect, report, and remit taxes from virtual asset transactions. The guidelines include withholding taxes on disposals, staking, mining, and DeFi rewards, as well as stamp duty on transfers between fiat and tokens. Platforms must connect transactions with tax identities and comply with reporting requirements. President Bola Tinubu directed the NRS to issue the tax policy through an executive order, with a Virtual Asset Council coordinating existing regulators. Nigeria’s Senate is considering further regulations for digital asset businesses. Exchanges and operators must adjust systems to meet the new requirements.
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