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Nigeria: New Tax Laws'll Ease Burden On Nigeria's Poor
- President Bola Ahmed Tinubu signed four landmark tax reform bills into law, marking a major shift in Nigeria's tax system.
- The reforms follow months of consultations aiming to modernize a complex, unfair tax regime criticized for burdening small businesses.
- The new laws include streamlined tax rules, expanded Nigeria Revenue Service powers, exemptions for small businesses, and VAT removals on essentials.
- Executive Chairman Zacch Adedeji said the tax reforms will take effect January 1, 2026, with a six-month preparation period for implementation.
- The reforms aim to ease burdens on low-income earners and small businesses, boost tax transparency, and increase Nigeria's tax-to-GDP ratio to 18%.
33 Articles
33 Articles
FIRS Chair: New tax laws won't be implemented until January - Daily Trust
The Federal Government has disclosed that the implementation of the newly signed four tax fiscal reform laws will commence by January 1st, 2026. Addressing State House correspondents shortly after the President signed the bills into law, Chairman of the Nigeria Revenue Service, Zach Adedeji, said the modalities will be put in place ahead of the implementation. Adedeji further explained that the six-month period between the enactment of the new f…
President Tinubu has signed it - tax reform bill is finally law
President Bola Ahmed Tinubu has officially signed into law four landmark Tax Reform Bills, marking a significant shift in Nigeria’s tax landscape. The move follows months of policy work, reviews, and consultations aimed at modernising a tax system long criticised as complex, unfair, and burdensome for small businesses. The new laws include the Nigeria Tax Bill, Nigeria Tax Administration Bill, Nigeria Revenue Service (Establishment) Bill, and th…
New Tax Laws: Boom for Consultants, Amid Enduring Extortions
June 29, (THEWILL) — President Bola Tinubu on June 26, 2025 signed four new tax laws under a reform aimed at modernising and streamlining the country’s tax system for efficiency and economic growth. A major highlight is the increase in tax exemption threshold for small businesses from annual turnover of N25m to N50m. It also […]
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