Nigerian Tax Laws 2025–2026
Comprehensive reference to the landmark Nigeria Tax Act 2025–2026 and supporting regulatory framework. Four Acts consolidating and replacing all previous Nigerian tax legislation.
2025–2026 Tax Reform Package
Nigeria Tax Act, 2025–2026
The consolidated tax legislation replacing PITA, CITA, CGTA, VATA, and other statutes. Establishes new PAYE bands (0%–25%), company tax rules (30% CIT + 4% Development Levy), VAT framework (7.5%), withholding tax rates, and capital gains provisions.
Read Full Summary →Nigeria Tax Administration Act
Modernised tax administration procedures, taxpayer rights, penalties framework, objection and appeal processes, and NRS enforcement powers.
Nigeria Revenue Service Act
Transforms FIRS into the Nigeria Revenue Service (NRS) with expanded digital enforcement powers, new governance structure, and enhanced mandate.
Joint Revenue Board Act
Creates the institutional framework for federal–state revenue coordination, harmonised systems, revenue sharing, and inter-governmental dispute resolution.
Key Changes Under the 2025–2026 Reform
Personal Income Tax
First ₦800,000 now tax-free. New 6-band progressive rates (15%–25%). CRA abolished, replaced with rent relief (max ₦500K). Minimum tax removed. Gratuity now taxable. Loss-of-employment exempt up to ₦50M.
Company Income Tax
Small companies (≤₦100M turnover, ≤₦250M assets) now exempt from CIT, CGT, and Development Levy. Standard rate stays at 30% + 4% Development Levy. Medium category abolished. Professional services excluded from small company status.
Value Added Tax
Rate unchanged at 7.5%. Full input VAT recovery now allowed. E-invoicing mandated. Expanded exempt items to protect low-income earners. New compliance and registration requirements.
Withholding Tax & Administration
WHT rates unchanged but small companies exempt on ≤₦2M/month transactions with valid TIN. FIRS becomes NRS. Digital filing mandatory. New Tax Ombudsman role. Unified TIN system. Stricter penalties.
Previous Tax Legislation (Repealed)
Personal Income Tax Act (PITA) 2011
Governed individual income taxation with progressive bands from 7% to 24%. Included the Consolidated Relief Allowance (CRA) system.
Replaced by NTA 2025–2026Companies Income Tax Act (CITA)
Imposed 30% CIT on company profits with minimum tax provisions, pioneer status incentives, and the medium company category at 20%.
Replaced by NTA 2025–2026Value Added Tax Act (VATA)
Established the VAT regime at 7.5% (increased from 5% in 2020) with defined exempt and zero-rated supplies.
Replaced by NTA 2025–2026Capital Gains Tax Act (CGTA)
Imposed 10% tax on gains from disposal of chargeable assets with exemptions for government securities.
Replaced by NTA 2025–2026FIRS Establishment Act 2007
Created the Federal Inland Revenue Service as the body responsible for federal tax collection.
Replaced by NTA 2025–2026Petroleum Profits Tax Act (PPTA)
Separate taxation regime for petroleum operations, now incorporated within the NTA framework.
Replaced by NTA 2025–2026Apply These Laws in Practice
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Company income tax with Development Levy and exemptions.
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