PwC Flags Ambiguities In Virtual Assets Tax Rules

PwC Nigeria have said Nigeria’s new tax guidelines for virtual assets provide welcome clarity but leave practical and legal uncertainties that could complicate compliance for taxpayers and service providers.
In a tax alert titled “Taxing the intangible: A critical analysis of the NRS guidelines on taxation of virtual assets”, the firm welcomed the Nigeria Revenue Service’s (NRS) first comprehensive administrative framework on virtual assets, published on July 31, 2026 as Information Circular No. 2026/21.
At the same time, PwC identified several gaps that, it warned, require attention from both regulators and market participants.
Safe-harbour limited to individuals
PwC highlighted ...