Nigeria’s Tax Reform Laws Officially Enacted & Published in the Gazette



On June 26, 2025, Nigeria introduced four transformative tax laws designed to modernize administration, ease compliance, and incentivize investment:

Nigeria Tax Act, 2025 (NTA)

Nigeria Tax Administration Act, 2025 (NTAA)

Nigeria Revenue Service (Establishment) Act, 2025 (NRSEA)

Joint Revenue Board (Establishment) Act, 2025 (JRBEA)


Key Policy Highlights:

SME Support: 0% tax for small companies (turnover ≤ ₦100m & fixed assets < ₦250m).

Corporate Tax Relief: A reduction from 30% ➝ 25% for large companies (subject to Presidential Order on NEC’s recommendation).

Top-up Tax Safeguards: Applied only above ₦50b revenue for local firms & €750m for multinationals.

Investment Incentive: 5% annual tax credit for projects in designated priority sectors.

Currency Flexibility: Taxes on FX transactions payable in Naira at the prevailing official exchange rate.

Phased Commencement:
• NTA & NTAA – January 1, 2026
• NRSEA & JRBEA – June 26, 2025


These reforms mark a major step toward a more competitive, business-friendly, and investment-driven tax system.

🔗 Full copies of the laws: bit.ly/NewTaxReformAc

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