Nigeria Tightens Crypto Tax Rules by Linking Transactions to TIN and NIN
The post Nigeria Tightens Crypto Tax Rules by Linking Transactions to TIN and NIN appeared on BitcoinEthereumNews.com.
The post Nigeria Tightens Crypto Tax Rules by Linking Transactions to TIN and NIN appeared first on Coinpedia Fintech News Nigeria is taking a firm step to bring cryptocurrency activity under its tax system through the Nigeria Tax Administration Act (NTAA) 2025. The new law allows tax authorities to track crypto transactions by linking them to real-world identities using Tax Identification Numbers (TINs) and National Identification Numbers (NINs). This is a major shift for Nigeria, one of the world’s largest crypto markets, where digital asset activity has largely remained outside direct tax oversight. Instead of tracking blockchain activity itself, the government is focusing on identity-based monitoring. By connecting crypto transactions to verified taxpayer records, authorities can compare digital asset income with declared earnings and existing tax data. How TIN and NIN Enable Crypto Transaction Tracking Under the NTAA 2025, crypto transactions become traceable once they are linked to a user’s TIN and NIN. The TIN, issued by the Nigerian Revenue Service and the Joint Revenue Board, is used to track individuals and businesses for tax purposes. The NIN is Nigeria’s primary identity number, connected to personal and biometric information. Crypto platforms will be required to collect and report these details. This allows tax authorities to see when crypto funds enter the formal financial system and check whether related income has been properly declared. As a result, crypto activity will no longer operate anonymously for tax purposes. Nigeria Aligns Crypto Tax Rules With Global Standards Nigeria’s new approach follows international tax compliance standards, including the OECD’s Crypto-Asset Reporting Framework (CARF), which comes into effect on January 1, 2026. CARF is designed to reduce tax evasion by giving authorities access to data on both local and cross-border crypto transactions. This move places Nigeria alongside countries like the United Kingdom, where crypto firms…
Filed under: News - @ January 13, 2026 7:26 am