NRS’ New Crypto Guidelines Set 30% Profit Tax for Medium, Large Firms

The Nigeria Revenue Service (NRS) has released Guidelines on the Taxation of Virtual Assets, making clear that medium and large companies that earn profits from cryptocurrency and other virtual asset activities will be subject to a 30 per cent corporate income tax.
Published on Monday in a public notice, the guidelines apply to companies, individual taxpayers, Virtual Asset Service Providers (VASPs), peer-to-peer marketplace operators and other participants in Nigeria’s digital asset ecosystem. The move follows President Bola Tinubu’s recent Presidential Executive Order on Virtual Assets Coordination, 2026, which established a cross-agency framework for overseeing cryptocurrencies, stab...