Crypto tax in Nigeria
How is cryptocurrency taxed in Nigeria?
Cryptocurrency is taxed as capital gains in Nigeria. The headline rate for crypto capital gains is 10%, though the standard capital gains tax rate is 30%.
Common questions
- What is the capital gains tax rate for crypto in Nigeria?
- The headline rate for cryptocurrency capital gains tax in Nigeria is 10%.
- Does Nigeria tax long-term crypto gains differently?
- No, long-term cryptocurrency gains are not exempt from tax in Nigeria.
- What is the general capital gains tax rate in Nigeria?
- The general capital gains tax rate in Nigeria is 30%.
Crypto in Nigeria is taxed as a capital gain.
Treatment
taxed as a capital gain
Long-term
Still taxed
Headline rate
10%
As an individual in Nigeria, your private crypto disposal gains are generally taxed as capital gains at 10% with no lower rate or exemption for longer holding periods.
“Section 3 of the Capital Gains Tax Act is amended by inserting immediately after subsection (c) a new subsection (d): ‘all forms of property created or stored in digital or electronic form, including digital assets, non-fungible tokens and other tokenized assets’; and gains accruing on the disposal of digital assets shall be chargeable gains for the purposes of this Act, taxable at the rate of ten per cent.” — Federal Inland Revenue Service (FIRS), Nigeria
Reflects the treatment of an individual's crypto disposals. Estimate — confirm against the linked source. See methodology.