Crypto TaxCalculator
Calculate capital gains tax on your cryptocurrency disposals with 2026 exemptions.
Enter Transaction Details
Total amount in Naira you paid to acquire the cryptocurrency
Include other income to determine your combined tax bracket
Tax Calculation Results
Enter Transaction Details
Fill in purchase and sale prices to calculate your crypto tax
2026 Crypto Tax Rules
- Small disposal exemption: Transactions below ₦10M are tax-free
- First ₦800K of annual capital gains is tax-free
- Capital losses can be carried forward to offset future gains
- Progressive rates apply based on total annual income (0-25%)
Important Notes
- Crypto-to-crypto trades are taxable events (not just crypto-to-fiat)
- Keep records of all transactions including dates and amounts
- Staking rewards and airdrops may be treated as income, not capital gains
Frequently Asked Questions
Yes, cryptocurrency gains are subject to Capital Gains Tax (CGT) in Nigeria at 10%. When you sell, exchange, or dispose of crypto assets for more than you paid, the profit is taxable. However, there are exemptions for small disposals and annual gains under ₦800,000.
Cryptocurrency gains in Nigeria are taxed at 10% Capital Gains Tax rate. This applies to profits from selling Bitcoin, Ethereum, and other digital assets. The first ₦800,000 of annual capital gains is exempt from tax.
Yes, two main exemptions exist: 1) Small Disposal Exemption - if your total crypto disposals in a year are less than ₦10 million, no CGT applies. 2) Annual Exemption - the first ₦800,000 of capital gains annually is tax-free.
Calculate your gain as: Sale Price - Purchase Price (cost basis). If gain exceeds ₦800,000 and disposals exceed ₦10M, multiply taxable gain by 10% CGT rate. Include all crypto-to-crypto trades, not just crypto-to-Naira.
No, you don't pay tax on losses. However, capital losses can be carried forward to offset future capital gains, reducing your tax liability when you eventually make profits.
Yes, owning and trading Bitcoin and cryptocurrencies is legal in Nigeria. While the CBN restricted banks from facilitating crypto transactions in 2021, peer-to-peer trading remains legal, and gains are taxable under capital gains tax laws.