Crypto Tax Nigeria – Capital Gains Tax and FIRS Reporting
10% capital gains tax on crypto disposals – automated crypto tax report for Nigeria's largest crypto market.
Nigeria is Africa's largest cryptocurrency market and has established clear crypto tax rules. The Federal Inland Revenue Service (FIRS) issued guidance in 2022 classifying crypto as taxable assets. Capital gains from crypto disposals are subject to a 10% capital gains tax. Additionally, crypto received as income (mining, staking) is taxable as ordinary income. CoinTaxReporting generates complete reports for Nigerian investors.
CoinTaxReporting imports transactions from Binance, KuCoin, Bybit and other exchanges used by Nigerian investors, calculates capital gains in NGN and generates documentation for FIRS tax filings.
Häufig gestellte Fragen
How is crypto taxed in Nigeria?
Crypto disposals in Nigeria are subject to a 10% capital gains tax. Crypto received as income (staking, mining, payments) is taxed as ordinary income at progressive rates.
Which authority oversees crypto tax in Nigeria?
The Federal Inland Revenue Service (FIRS) is responsible for crypto tax collection in Nigeria. The Securities and Exchange Commission (SEC) regulates crypto assets.
Is P2P crypto trading taxable in Nigeria?
Yes. All crypto disposals including P2P trades are taxable events subject to capital gains tax, regardless of the platform used.
Crypto Tax Nigeria – Africa's Largest Crypto Market
Nigeria consistently ranks among the top countries globally for crypto adoption. The FIRS has established clear guidelines to ensure crypto gains are properly reported and taxed.
Key Tax Rules
- Capital gains tax: 10% on crypto disposals
- Ordinary income: Mining, staking and airdrops taxed as income
- P2P trades: Fully taxable regardless of platform
- Reporting authority: Federal Inland Revenue Service (FIRS)