What’s Changing in 2026?
As of January 1, 2026, Nigeria’s tax rules now clearly cover digital assets, including cryptocurrency. This mainly affects how profits or gains from crypto are taxed.
Below, we’ve highlighted a few key things you should know to help you understand what this means for you.
Is Crypto Still Legal?
Yes. Crypto is not banned in Nigeria. These changes are about tax clarity, not restrictions on using crypto.
Does Pandar Deduct Tax for Me?
No. Pandar does not deduct tax from your payouts. We simply help you convert crypto to Naira.
When Is Tax Usually Applied?
Tax is generally based on profit, not the total amount you cash out.
How profit is calculated depends on how you got the crypto and whether its value increased before you converted it.
Different Ways Crypto May Be Treated
Crypto as income (salary or freelance work): Usually treated as income based on its value when received.
Crypto as a gift or remittance: Not automatically taxable, but gains may apply if you later sell at a higher value.
Crypto bought elsewhere: Tax (if applicable) is usually based on the difference between the buying and selling prices.
Why Doesn’t Pandar Calculate My Tax?
Pandar is an off-ramp. We don’t know where or how you originally got your crypto, so we can’t accurately calculate tax for you.
How Pandar Supports You
We provide detailed transaction records, dates, amounts, rates, fees, and Naira payouts so you can stay organised.
What do you need to do to stay compliant?
Download your transaction history, understand how you received your crypto, and consult a tax professional if needed.
Disclaimer
This article is for general information only. For personal tax advice, please consult a tax professional.