Nigeria has quietly ushered in one of its most sweeping tax overhauls in decades. Certified copies of four new laws. The Nigeria Tax Act, Tax Administration Act, National Revenue Service Act, and Joint Revenue Board Act have been released, replacing a patchwork of statutes that governed taxation for more than ten years. The reforms are […]
The Joint Tax Board of Nigeria has made it easier for Nigerians to access their Tax Identification Number (Tax ID) online, eliminating the need for a separate registration process. The Tax ID, a unique 13-digit number, is required for tax administration and banking purposes. According to a post obtained from the Joint Tax Board of […]
The leadership of the senate and house of representatives has directed Kamoru Ogunlana, clerk to the national assembly, to work with relevant agencies in the executive branch in a bid to re-gazette the tax laws. Abdussamad Dasuki, member of the lower legislative chamber, had alleged that there are differences between the tax reform laws passed by parliament and the gazetted copy […]
The Federal Government has alleged that some individuals are attempting to undermine the success of ongoing tax reforms, insisting that the policies are pro-poor and designed to recalibrate national revenue generation. The Special Adviser to the President on Economic Affairs, Tope Fasua, made the allegation on Thursday during the inauguration of a Joint Committee of […]
The Federal Government has published Nigeria’s new tax reform laws in the official gazette, signaling the most comprehensive overhaul of the country’s fiscal framework in decades. The reforms, signed into law by President Bola Tinubu on June 26, 2025, introduce four landmark legislations: Nigeria Tax Act (NTA), 2025 Nigeria Tax Administration Act (NTAA), 2025 Nigeria […]
The federal government has retained Nigeria’s corporate income tax (CIT) rate at 30 percent for medium and large companies under the newly signed Nigerian Tax Act (NTA), set to take effect from January 1, 2026. However, small businesses will continue to enjoy a zero percent CIT rate — a move that offers relief for Nigeria’s […]
President Bola Tinubu recently signed four major tax reform laws aimed at overhauling Nigeria’s fiscal system. Among them is the Nigeria Tax Act, which introduces wide-reaching changes to Value Added Tax (VAT) — the 7.5% consumption tax applied to goods and services. Effective from January 1, 2026, these changes will be implemented under a rebranded […]
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