US EditionNigeria: Benefits of New Tax Laws for Nigerians
New tax laws lower rates, broaden exemptions for SMEs, and introduce digital compliance to enhance transparency and economic growth, benefiting over 90% of micro and small businesses, experts say.
- On January 1, 2026, Nigeria's federal government implemented new tax laws designed to make the system fairer, simpler and more growth-friendly under President Bola Tinubu.
- The reforms were introduced because tax laws had become fragmented and inefficient, yielding sub-optimal revenue and the Federal Government of Nigeria aimed to reduce burdens on workers and businesses while encouraging formalisation.
- Small-Company provisions now treat firms with up to N100 million turnover as eligible for reliefs, and over 99 percent of capital market investors qualify for CGT exemption, officials said.
- Nigeria Revenue Service Executive Chairman Zacchaeus Adedeji said on Sunday the poor benefit most, with over 95% exempted and VAT removal on food aiding those spending 90% of income on it, while Small and Medium Enterprises gain access to formal financial services and government support.
- The Centre for the Promotion of Private Enterprise cautioned that without careful sequencing and political sensitivity in this pre-election year, the reforms may fail despite their potential to boost transparency, attract foreign investment, strengthen the naira, create jobs and position Nigeria as an innovation hub.
17 Articles
17 Articles
Why Nigeria's new tax law may not succeed
The Centre for the Promotion of Private Enterprise has said the new tax laws, which began January 1, 2026, may not succeed because they are unfolding under unusually delicate circumstances. CPPE Executive Chief Officer, Muda Yusuf disclosed this in a statement on Sunday. This comes as DAILY POST reports that new tax laws kicked off despite calls for their suspension. Commenting, CPPE stressed that the ultimate success or failure of Nigeria’s tax…
Nigeria Tax Reform: What the 2026 Changes Mean for Remote Workers
If you’ve spent the last year working from your favourite Lagos café or a home office in Abuja while “clocking in” for a company in London or New York, you already know that the remote life is the ultimate flex. However, as we step into 2026, the “administrative” side of the hustle is getting a significant makeover. On January 1, 2026, the Nigeria Tax Act and its accompanying bills officially took effect. Insights from the National Revenue Servi…
Benefits of Nigerian Tax Acts 2025
By Joseph Tegbe Joseph Tegbe, Chairman of the National Tax Policy Implementation Committee (NTPIC), enumerates the benefits of the Nigerian Tax Reform Acts 2025, stating that it marks a significant turning point in the country’s pursuit of a robust and sustainable economy. In an article published in several national publications, Tegbe stated […]
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