Nigeria requires tax and ID numbers for crypto reporting under NTAA 2025

Nigeria has implemented a new crypto reporting framework under the Nigeria Tax Administration Act (NTAA) 2025 that requires virtual asset service providers to link transactions to Tax Identification Numbers (TINs) and, where applicable, National Identification Numbers (NINs). The framework took effect on Jan.

1 as part of a broad tax overhaul. Under the rules, VASPs operating in Nigeria must file regular returns with tax authorities that include customer identification data — names, contact details and tax IDs — with NINs mandated for individual users. The law also allows tax authorities to request additional information, requires long-term retention of transaction and customer records, and obliges providers to flag suspicious and large transactions to tax agencies and financial intelligence units.

The government says the identity-based reporting is intended to make cryptocurrency activity visible to tax authorities without monitoring blockchain infrastructure, allowing transactions to be matched against income declarations, tax filings and historical records. Local outlets have reported enforcement gaps under earlier measures: Tech Cabal said compliance was uneven after Nigeria introduced a tax on crypto profits in 2022, and the mandatory use of TINs and NINs appears designed to address that challenge.

The NTAA’s approach aligns with the OECD’s Crypto-Asset Reporting Framework (CARF), which also took effect on Jan.

Key Topics

Crypto, Nigeria, Vasps, Tin, Nin, Carf