Why Nigeria cannot and will not tax your bank account
There is a pervasive fear among Nigerians—often fueled by aggressive headlines—that the government is on the verge of peering into...
- Tuesday, June 30, 2026
BusinessDay
There is a pervasive fear among Nigerians—often fueled by aggressive headlines—that the government is on the verge of peering into...
Nigeria’s new tax reform now enforces compliance on Value Added Tax (VAT) payment on digital payments, SaaS and online services...
A Tax Identification Number (TIN), now formally referred to as a Tax ID under the Nigeria Tax Administration Act (NTAA)...
International Oil Companies (IOCs) can now claim tax deductions on their costly decommissioning and abandonment (D&A) expenses if they deposit...
President Bola Ahmed Tinubu, on June 26, signed into law four new tax bills. Among the key outcomes is a...
Nigeria’s ongoing tax reforms are not about introducing new levies or imposing additional burdens on citizens, despite widespread misconceptions. Rather,...
Effective January 1, 2026, Nigeria’s new rent relief provision will allow tenants to reduce their annual tax bills by deducting...
The Nigerian government announced new progressive Personal Income Tax (PIT) rates under the Nigeria Tax Act 2025, which will be...
Nigeria’s expanding tax net and new digital compliance systems have made understanding tax obligations crucial for entrepreneurs, particularly with the...
Nigeria’s personal income tax system has recently undergone significant reform. Previously, income earners benefited from a simple tax structure that...