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 Tax Exemption President Bola Tinubu, on June 26, 2025, signed a groundbreaking Tax Reform Bill into law. This law fundamentally changes how individuals and businesses pay tax in Nigeria. This law allows for tax exemption. As of January 1, 2026, the full implementation of the Nigeria Tax Reform Acts 2025 has started. These
Tax Exemption: The Ultimate Thing 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 »
