Nigeria Tax Administration Act, 2025 · s.25, s.79, s.109
Digital and virtual assets
Virtual asset service providers file their own returns; non-compliance runs to ₦10,000,000 a month.
Who this lands on: Exchanges, custodians and other virtual asset service providers.
Virtual asset service providers file returns under s.25, and digital and virtual transactions are brought into charge by s.79.
A provider that fails to comply is charged ₦10,000,000 in the first month of default and ₦1,000,000 for every subsequent month — or has its operating licence suspended or revoked by the Securities and Exchange Commission.