US EditionNigeria kicks off new tax regime vowing relief for low earners
The reforms aim to raise Nigeria's tax-to-GDP ratio from 13.5%, harmonise levies across states, and reduce taxes on low-income earners and small businesses, officials said.
- On Thursday, Nigeria launched a new tax regime to broaden the tax base and ease burdens on low-income earners and small businesses while streamlining collection and administration.
- The package stems from four laws signed in June forming a consolidated tax package that took effect despite opposition calls for delay and allegations of unauthorised changes.
- Tax administrators cite improved IT and self-assessment system to expose under-declaration, citing Lagos State's synced taxpayer IDs while officials urge a mindset shift among taxpayers on Thursday.
- Opposition leader Atiku Abubakar accused the government of 'illegal and unauthorized alterations' while President Bola Tinubu dismissed the claims on Tuesday as 'premature' and said `No substantial issue has been established that warrants a disruption of the reform process`.
- Nigeria's low tax-to-GDP ratio of 13.5 percent limits revenue capacity, and the government says harmonising levies across 36 states will boost funding for infrastructure and social investments.
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New tax law could ignite job loss, destroy small businesses -- Group warns
A group, Centre for Human Rights Advocacy and Wholesome Society, CEHRAWS, has urged the National Assembly to immediately engage the Federal Government to review the new tax law, warning that it could bring more hardship upon the people. President Bola Tinubu had earlier in the week said that there was no going back on the implementation of the new tax law. But the Executive Director of the group, Chuka Peter Okoye in a statement on Thursday, war…
Nigeria: Tax Resistance Driven By Rich Nigerians, Says Ex-Taxation Institute President
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The Niger Delta Youth Congress (NDYC) has expressed support for the Federal Government’s newly introduced tax regime, describing it as a necessary step toward strengthening Nigeria’s fiscal framework and ensuring long-term economic sustainability. In a statement signed by the National Coordinator of the Niger Delta Youth Congress, Comrade Israel Uwejeyan, the youth organisation said the tax reforms being implemented under the administration of P…
New Tax Law: 4 Groups of Nigerians Who Won’t Pay Personal Income Tax in 2026
Nigeria’s new tax rules took effect from January 1, 2026, with the government saying the changes are meant to reduce pressure on low-income earners, give relief to middle-income workers, and make the tax system fairer. Officials also say the reform is designed to encourage more people to comply with tax rules while protecting vulnerable households. … The post New Tax Law: 4 Groups of Nigerians Who Won’t Pay Personal Income Tax in 2026 appeared f…
Nigeria bank transfer tax fears: Oyedele says no automatic debits under new laws
January 2, 2026, 05:31 ET Nigeria’s presidential tax reform committee chair Taiwo Oyedele said tax authorities will not automatically debit bank accounts under the country’s new tax laws, pushing back against claims linked to bank transfers. “Nobody will debit your bank account,” Oyedele said in a Channels Television interview. TheCable The comments land as the government begins rolling out a tax overhaul in 2026 and as Nigerians swap warnings o…
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