Nigeria Tax Act, 2025
Comprehensive reform of Nigeria's tax code, consolidating multiple tax laws into a single, modern framework with simplified structures, updated rates, enhanced deductions, and provisions for the digital economy.
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Download Nigeria Tax Act (PDF)Official document from the Federal Government of Nigeria
Major Tax Reforms
Simplified Tax Structure
Consolidates multiple tax laws into a single, coherent framework that reduces complexity and improves understanding
New Tax Rates and Thresholds
Updates tax rates, brackets, and thresholds to reflect current economic realities and promote growth
Enhanced Deductions and Allowances
Expands available deductions and allowances to reduce tax burden and incentivize economic activities
Digital Economy Taxation
Introduces modern provisions for taxing digital services, e-commerce, and online business activities
Consolidated Tax Areas
The Nigeria Tax Act brings together previously separate tax laws into a unified code, creating consistency and reducing complexity across all tax types.
Who Benefits from the Reform
Individual Taxpayers
- Simplified tax calculations and filing
- Clear understanding of obligations
- Enhanced deductions and reliefs
- Reduced compliance burden
Small and Medium Enterprises
- Streamlined tax obligations
- Favorable rates for qualifying businesses
- Digital filing and payment options
- Reduced administrative costs
Large Corporations
- Unified tax compliance framework
- Clear rules for digital economy activities
- Enhanced certainty in tax planning
- Improved dispute resolution mechanisms
Significant Changes to Note
For Individuals
- New personal income tax brackets and rates
- Increased personal reliefs and allowances
- Simplified filing procedures
- Digital-first tax interactions
For Businesses
- Unified corporate tax framework
- Digital economy tax provisions
- Enhanced deductions for qualifying expenses
- Streamlined compliance requirements
Implementation Timeline
Act Signed into Law
2025
The Nigeria Tax Act was officially signed into law, consolidating Nigeria's tax code into a single, modern framework.
Transition Period
2025 - December 31, 2025
Taxpayers, tax professionals, and authorities prepare for new requirements. Systems are updated, and guidance materials are published.
New Tax Code Takes Effect
January 1, 2026
The consolidated Nigeria Tax Act comes into full effect, replacing previous separate tax laws with the new unified framework.
Related Tax Laws
Joint Revenue Board Act
Establishes unified framework for revenue coordination across government levels.
Nigeria Revenue Service Act
Transforms FIRS into Nigeria Revenue Service with enhanced powers.
Nigeria Tax Administration Act
Modernizes tax administration procedures and enforcement mechanisms.
Calculate Your New Tax Obligations
Use our updated tax calculators to understand how the new Nigeria Tax Act affects your personal or business tax obligations under the reformed system.