Explainer: Presumptive Tax - How Nigeria plans to tax its informal economy
Most small businesses in Nigeria make money without keeping records and pay multiple informal levies, rarely filing taxes. The government...
- Tuesday, June 30, 2026
BusinessDay
Most small businesses in Nigeria make money without keeping records and pay multiple informal levies, rarely filing taxes. The government...
Businesses continue to lose money and face unexpected tax liabilities because they confuse VAT-exempt goods with zero-rated ones. The mistake...
Many Nigerians do not trust the government to properly utilise their tax payments for good use, according to a survey...
With Nigeria trying to boost non-oil revenue, Value Added Tax (VAT) compliance is becoming harder for businesses to ignore. Businesses...
Nigerians were met with a sting in their January statements as financial firms commenced the 10 percent Withholding Tax (WHT)...
Nigerian students who earn money from side jobs or small businesses are considered income earners for tax purposes once that...
Since the implementation of the new tax law, experts are still seeking clarity, as they warn that the absence of...
Nigeria’s office of the tax ombud has pledged stronger protection and fairer treatment for taxpayers as it rolls out guidelines...
Nigeria’s new tax law is already translating into higher take-home pay for several formal sector workers, with January salaries reflecting...
The Lagos State Internal Revenue Service (LIRS) has enforced specific provisions of the Nigeria Tax Administration Act (NTAA) 2025 that...