Nigeria Crypto Tax Advice

Connect with an expert from the Tax Natives network today to say goodbye to your crypto tax woes and keep more of your gains.

Keep more of your crypto gains

 

 

CONNECT WITH NIGERIA’S LEADING CRYPTO TAX ADVISORS

Nigeria is a growing hub for crypto investors and businesses, offering incredible opportunities in its dynamic economy. But staying compliant with regulations and minimising liabilities is the hard part. Don’t risk unneeded complications – the experts at Tax Natives are here to help.

Get in touch now to connect with a specialist familiar with Nigeria’s tax system. They’ll handle everything you need, from cross-border tax issues to cryptocurrency restrictions. Don’t risk your hard-earned gains, get started now and protect your holdings with Tax Natives.

Help me figure out my crypto taxes!

 

 

THE HEADLINES

Nigeria is becoming a notable hub for cryptocurrency activities. Here are some of the key taxes to be aware of when dealing with crypto in Nigeria:

• Income tax – 7% to 24% progressive rate.

• Capital gains tax – 10% flat rate.

• Value-Added Tax (VAT) – 7.5 % standard rate.

• Withholding Tax (WHT) – 5% to 10% on services.

NIGERIA CRYPTO TAX RATES

Stay informed about the essential tax rates in Nigeria with our up-to-date summary.

Tax Type/Consideration	Implication	Notes
Crypto Trading	Capital Gains Tax (CGT) applies to profits from buying and selling crypto	CGT rates vary based on individual circumstances and income level
Crypto Mining	Income Tax applies to crypto earned through mining	Crypto miners may be considered self-employed and subject to additional tax obligations
Staking & DeFi	Income Tax or CGT may apply, depending on the specific activity and circumstances	Tax treatment of staking and DeFi activities can be complex and requires careful consideration
NFTs	CGT applies to profits from buying and selling NFTs	NFTs are generally treated as assets for tax purposes
Airdrops	Income Tax may apply to the value of crypto received through airdrops	Tax treatment of airdrops can vary depending on the circumstances
Crypto Payments	Businesses accepting crypto payments may need to account for VAT and potential CGT	Businesses should consult with a tax advisor to ensure compliance with VAT and other tax obligations when accepting crypto payments
Crypto Payroll	Paying employees in crypto triggers PAYE and National Insurance obligations	Businesses need to ensure proper payroll tax withholding and reporting when paying employees in crypto
Record Keeping	Maintaining accurate records of all crypto transactions is crucial for tax compliance	HMRC requires individuals and businesses to keep detailed records of their crypto transactions, including dates, amounts, and types of transactions
Reporting	Crypto transactions need to be reported on Self Assessment tax returns or Company Tax Returns	Individuals and businesses must declare their crypto gains and losses on their tax returns
Loss Relief	Losses from crypto transactions can potentially be offset against gains for tax purposes	Specific rules apply to claiming loss relief for crypto transactions
Tax-Efficient Strategies	Various strategies can help minimise crypto tax liabilities	Consult with a crypto tax advisor to explore tax-efficient strategies, such as utilising tax allowances, claiming allowable deductions, and considering the timing of transactions

 

GET YOUR CRYPTO TAX EXPERT TODAY

Work with trusted Nigerian tax experts now to protect your assets, reduce your tax burden, and stay compliant with local laws. Get started today.

1. GET IN TOUCH

Tell us about your crypto tax challenges. Fill out our quick and easy contact form, and we’ll handle the rest.

2. GET MATCHED

We’ll connect you with the ideal advisor specialising in Nigerian crypto tax law who can keep you fully compliant.

3. GET GUIDANCE

Receive a customised strategy designed to minimise your crypto tax liabilities and keep you on the right side of Nigerian law.

Put me in touch now!

 

 

INDIVIDUAL / BUSINESS TAX SOLUTIONS IN NIGERIA

Whether you’re an expat or a business owner in Nigeria, our expert advisors will reduce your tax burden and keep you compliant with Nigerian regulations. Don’t leave your holdings to chance – get in touch today to keep on top of things.

 

PERSONAL CRYPTO TAX SERVICES

Struggling with Nigeria’s crypto tax laws? Worried about losing out on key deductions and relief? Our network of crypto tax experts can help with it all. Let us help you keep more of your hard-earned gains today. Here’s who we can help with personal crypto tax services:

CRYPTO INVESTORS AND TRADERS

• Crypto capital gains tax (CGT) – Whether you’re new to crypto investing or a seasoned trader, our advisors can help calculate your capital gains and keep you in line with Nigerian tax law.

• Crypto income tax – If you’re earning income through staking, interest, or other rewards, we’ll help report this correctly to avoid penalties and reduce your overall tax exposure.

DEFI USERS, LIQUIDITY PROVIDERS, NFT CREATORS

• DeFi and staking – Staking, lending, and liquidity provision are all taxable. Get help knowing the tax rates so you’re fully compliant.

• NFT tax advice – Whether minting or selling, we’ll guide you on reporting your income to avoid penalties and stay tax efficient on your NFT art.

• Crypto CGT – Capital gains tax applies when you sell crypto assets at a profit. We’ll help you calculate these gains and explore any relevant deductions to keep things efficient.

CRYPTO MINERS AND THOSE RECEIVING AIRDROPS

• Mining and airdrops – If you’re involved in crypto mining or airdropping, we can help determine the fair market value of your gains, report everything correctly, and tackle all tax implications.

• Crypto income – Any income you generate from your crypto holdings must be declared, so let’s make sure everything is accurately reported and your tax burden is low.

EXPATS, NON-RESIDENTS, AND THOSE FACING MAJOR LIFE EVENTS

• Crypto and foreign income – As an expat or non-resident with crypto holdings in Nigeria, you need help with dual tax obligations to avoid double taxation and remain fully compliant.

• Crypto and inheritance tax – Whether you’re transferring crypto as part of a divorce settlement or managing an inheritance, we’ll make sure it’s all done efficiently and within Nigerian law.

 

BUSINESS CRYPTO TAX SERVICES

Keep your investors happy and your bottom line healthy by managing your corporate tax burden effectively.

SMES DEALING WITH CRYPTO

• Crypto payments and VAT – Do you accept crypto as payment? Nigerian VAT law treats crypto as a taxable asset, so VAT must be correctly applied and reported. Let us help to avoid penalties and stay compliant.

• Payroll and employment taxes – If you compensate your employees with crypto, we’ll help you implement a payroll structure that accounts for its market value and keeps you compliant.

• Crypto tax compliance and reporting – Let us help you keep your records accurate with a water-tight reporting system for Nigeria’s Federal Inland Revenue Service (FIRS).

LARGE CORPORATIONS, MULTINATIONALS, AND CRYPTO EXCHANGES

• International crypto tax – If you operate across multiple countries, you need help avoiding cross-border tax obligations that create potential for double taxation.

• Crypto assets and company income tax – Whether you hold crypto as part of your treasury or generate income from trading activities, we’ll help reduce your corporate income tax liabilities.

• Crypto tax compliance and reporting – Let us help you make sure you’ve got all the necessary documentation for high-volume transactions, including trades, fees, and earnings.

BLOCKCHAIN / DEFI COMPANIES AND NFT MARKETPLACES

• Crypto payments and VAT – Crypto platforms tend to accept crypto payments, so VAT compliance is a must. From NFT sales to staking rewards, we’ll help keep things efficient and transparent.

• DeFi staking/ NFT advice – Let us help you understand how staking rewards are taxed as income and how to correctly calculate the capital gains on your NFT sales and taxable income.

• Crypto tax compliance/reporting – Make sure your records are transparent for the Nigerian tax authorities, whether you’re issuing tokens, managing NFTs, or facilitating DeFi transactions.

COMPANIES PAYING EMPLOYEES IN CRYPTO

• Crypto payroll and employment – Nigeria treats crypto employee compensation as a taxable wage. We’ll structure your payroll so everything is properly recorded and minimum taxes are applied.

• Crypto tax compliance and reporting – Get a thorough audit of your crypto tax position and the necessary reporting systems to meet Nigerian tax standards to reduce liabilities.

 

YOUR TRUSTED PARTNER FOR NIGERIAN CRYPTO TAX

Don’t let Nigeria’s tax complexities become costly mistakes – take action now. Whether you’re managing personal taxes or international business transactions, we’re here to help.

No guesswork, just simple advice.

Speak with a chartered advisor now

 

 

WHY CHOOSE TAX NATIVES FOR CRYPTO TAX?

Looking to simplify your crypto tax obligations in line with Nigerian regulations? Then you need the Tax Natives network.

1. EXPERT NETWORK

Gain access to an exclusive network of chartered tax advisors with deep expertise in Nigerian crypto tax law. Our experts can handle even the most complex crypto tax issues.

2. PERSONALISED MATCHING

Skip the guesswork! Our intelligent system matches you with the perfect tax advisor for your needs so you get the best guidance

3. DEDICATED SUPPORT

Get dedicated support from day one with advisors who can help you easily manage your tax matters within the boundaries of Nigerian law.

 

 

READY TO SIMPLIFY YOUR NIGERIAN CRYPTO TAXES?

Managing your crypto taxes in Nigeria doesn’t have to be a fuss. With Tax Natives, you can lower your tax burden, maximise your profits, and stay fully compliant with Nigeria’s crypto regulations. With our experts, it’s simpler than you’d think!

Whether you’re reporting crypto gains, tackling cross-border crypto transactions, or making the most of your tax strategy, we can help you stay ahead. Don’t lose money on unnecessary crypto taxes – get in touch to start saving and protecting your assets today!

Get peace of mind on your tax

 

 

MASTER NIGERIA’S CRYPTO TAX WITH CRYPTO TAX DEGENS

Join the Crypto Tax Degens community and take control of your crypto taxes in Nigeria. Our expert-led courses break down complex Nigerian tax laws so you can manage your taxes confidently.

Ready to stay compliant and save money? Join the Crypto Tax Degens community now to get started!

 

EXPAND YOUR REACH AND EXPERTISE IN CRYPTO TAX

Looking to grow your client base and become a go-to expert in cryptocurrency taxes? Why not join the Tax Natives network for a steady stream of clients who need advisors like you in Nigeria? If you’re any of the following, there’s never been a better time to become a Tax Native.

Our services are suited for:

• Tax advisors and accountants in Nigeria
• Lawyers and solicitors in Nigeria
• Financial advisors and wealth managers
• International tax professionals with Nigerian clients
• Tax consultants and specialists
• Accounting firms and tax practices
• Boutique tax advisory firms
• Professionals seeking expertise in Nigerian tax
• Those looking to expand their network in Nigeria
• Individuals interested in cross-border tax collaboration

 

FIND TAX ADVISORS NEAR YOU IN NIGERIA

Looking for an expert crypto tax advisor in a certain part of Thailand? Our location-based matching service makes it simple to connect with specialists in Thailand who can guide you through any crypto tax challenge. From Bangkok to Chiang Mai, find the local crypto tax professional you need to stay compliant and maximise your savings.

Get crypto tax advice now