These could include income tax, value-added tax (VAT) and stamp duty. These include buying virtual assets with fiat currency, cross-border naira-to-token conversions, selling virtual assets through VASPs or P2P escrow platforms, and using digital assets to purchase goods or services. These include merely holding virtual assets, transferring assets between wallets owned by the same person, staking lock-ups, minting NFTs, tokenising real-world assets without changing beneficial ownership, and obtaining loans backed by virtual assets. Individuals will pay tax based on the applicable progressive income tax rates, while companies, except those classified as small businesses, will pay the standard 30 per cent company income tax. Everything You Need to Know About Nigeria's New Crypto Tax Rules for Bitcoin, NFTs and DeFi UsersSource: Getty Images4.