According to a public notice issued by the NRS and JRB, the guidelines apply to taxpayers, Virtual Asset Service Providers (VASPs), Peer-to-Peer (P2P) marketplace operators, tax practitioners and other persons engaged in virtual asset activities.

The guidelines provide an administrative framework for the taxation of virtual assets, including requirements for registration, reporting and record-keeping, valuation principles and the tax treatment of virtual asset transactions.

The agencies said the guidelines are in line with the provisions of the Nigeria Tax Act, 2025, and the Nigeria Tax Administration Act, 2025.

They added that the new framework is intended to provide clarity, certainty and consistency in the administration of tax laws as they relate to Nigeria’s growing virtual asset ecosystem.

According to the notice, the guidelines are also designed to promote voluntary compliance, improve transparency and support the development of a fair and efficient tax framework for digital asset transactions.

The NRS and JRB urged affected taxpayers and stakeholders to familiarise themselves with the guidelines and ensure compliance with applicable tax obligations.