- Nigeria Revenue Service (NRS) has released new tax guidelines for virtual assets and cryptocurrencies under the Nigeria Tax Act, 2025.
- These guidelines aim to enhance tax compliance and broaden revenue collection from the expanding digital economy, targeting taxpayers, VASPs, and P2P operators.
- The move signifies Nigeria's evolving approach to regulating digital assets, providing clarity and certainty for participants in the virtual asset ecosystem.
Topics: Jurisdictions, Legal regulatory, Compliance, Cross jurisdictional policy, Securities law classification, Aml antimoneylaundering
Tags: #nigeriarevenueservice #nrs #cryptocurrency #virtualassets #taxguidelines #taxact #vasps #p2p #digitaleconomy #taxcompliance