The guidelines apply to companies, individual taxpayers, Virtual Asset Service Providers (VASPs), peer-to-peer (P2P) marketplace operators and other participants in the virtual asset ecosystem. According to the NRS, companies that derive profits from virtual asset activities will be taxed under the provisions of the Nigeria Tax Act (NTA), 2025. While small companies will continue to enjoy applicable tax exemptions under the law, medium and large companies will be liable to the standard 30 per cent corporate income tax rate. AdvertisementThis means that moving digital assets such as Bitcoin or Ether between personal wallets will not trigger a tax liability. The guidelines also reaffirm that unrealised gains on cryptocurrencies and other virtual assets are not subject to income tax.