Episode Details

Nigeria’s tax authorities just dropped a major crypto crackdown: platforms and P2P marketplaces now must collect, report, and remit taxes on digital assets — including a twist where some taxes are paid back in actual crypto tokens. Backed by President Tinubu’s virtual asset council, this move kicks off a broader tax overhaul treating crypto as taxable income, with specific rates — 1% for sales, 10% for staking/mining/DeFi, and 1.5% for fiat conversions — all acting as advance payments toward final tax bills. Stablecoins get a reprieve, while companies face 30% rates unless small. This is Nigeria firmly putting digital assets on the tax map.

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