Crypto businesses and taxpayers in Nigeria now have clearer rules on their tax obligations. "The Guidelines provide a clear administrative framework for the taxation of virtual assets in Nigeria. They set out the applicable tax obligations including registration, reporting and record-keeping obligations, valuation principles, and the tax treatment of virtual asset transactions in accordance with the provisions of the Nigeria Tax Act, 2025, and the Nigeria Tax Administration Act, 2025." New guidelines explain the tax treatment of crypto trading, wallets Photo: NurphotoSource: Getty ImagesAccording to the NRS, the Guidelines on the Taxation of Virtual Assets are available for download on its official website, Punch reports. The new framework comes as Nigeria continues to tighten oversight of cryptocurrencies and digital assets following the passage of the two tax laws in 2025.