Introduction to Personal Income Tax Deductions Emeka Okonkwo had just received his payslip for March 2026 and was staring at the numbers in disbelief. His colleague, Ngozi Adeyemi, leaned over from her desk at their Lagos marketing firm and asked, ‘Emeka, why do you look like you just saw a ghost?’ Emeka shook his head […]
PERSONAL INCOME TAX DEDUCTIONS IN NIGERIA: THE ULTIMATE THING YOU NEED TO KNOW Read More »
Introduction to legal compliance for startups Two weeks after launching her dream fashion brand in Lagos, Janet was very excited about starting her dream. She had her first paying customer, started posting her collections, and speaking to an investor. The meeting with the investor went well until the investor asked one question ‘has your business
LEGAL COMPLIANCE FOR STARTUPS IN NIGERIA: ULTIMATE THINGS YOU NEED TO KNOW Read More »
Is there a VAT increase on goods and services? The Nigerian tax landscape has undergone a major overhaul with the Nigeria Tax Act (NTA) 2025, which officially took effect on January 1, 2026. This Act consolidates several previous laws including the Finance Acts of 2020–2023 and introduces significant changes to what is taxable under the
VAT Increase on Goods and Services Are Now Taxable: What You Need To Know. Read More »
Introduction To Tax Penalties In Nigeria As of January 1, 2026, Nigeria has entered a new fiscal era with the full implementation of the Nigeria Tax Reform Acts 2025 which provide tax penalties, fines, and interest for non-compliance. These reforms represent a massive structural reset of the country’s tax system, consolidating several older laws including
Tax Penalties in Nigeria: Mistakes Businesses Make on the New Portal-Part 2 Read More »
INTRODUCTION TO TAX PENALTIES IN NIGERIA: On 26th of June, 2025, President Bola Tinubu signed a groundbreaking Tax Reform Bill into law, that introduced new policies and penalties fundamentally changing how individuals and businesses pay tax in Nigeria. As of January 1, 2026, Nigeria has entered a new fiscal era with the full implementation of
Tax Penalties in Nigeria: What you Need To Know-Part 1 Read More »
The Tax Reform Act There’s been a growing buzz across social media and everyday conversations about Nigeria’s new tax laws. From WhatsApp broadcasts to market gossip, many are saying that starting January 1, 2025 every credit alert will be taxed as personal income tax and that every Nigerian must now get a Tax Identification Number (TIN) or
THE TAX REFORM ACT IN NIGERIA: WHAT YOU NEED TO KNOW Read More »
