Nigerian tax reform framework

Capital Gains Tax (CGT), Nigeria tax law, Nigerian tax reform framework, PAYE tax exemption, Personal Income Tax, Tax Administration, Tax Harmonization, Tax Law, Tax Reform Laws 2025, Taxable incomes, Taxpayer Rights Protection

Explaining Personal Income Tax Deductions Under Nigeria’s Tax Act 2025

The Nigeria Tax Act 2025 (the “Act”), enacted on 26 June 2025 and scheduled to take effect on 1 January 2026, introduces comprehensive reforms to Nigeria’s fiscal framework. The Act repeals and consolidates several existing tax statutes, including the Personal Income Tax Act, into a unified legislative framework. This article examines the personal income tax regime established under the Act, with particular emphasis on taxable income, allowable deductions, exempt income and gains, applicable tax bands, and taxpayer reliefs.

O. M. Atoyebi, SAN FCIArb.(U.K)
June 2, 2026

Compliance Obligations, Nigerian tax reform framework, Tax dispute resolution, Tax Law, Taxable incomes

The New Tax Law in Nigeria: Key Reforms, Compliance Obligations, and Implications for Businesses and Individuals

This article examines Nigeria’s new tax law and the sweeping reforms introduced to modernise the country’s tax framework. It analyses the consolidation of existing tax statutes, reforms in tax administration, assessment and filing procedures, enforcement mechanisms, and the dispute resolution framework. Particular attention is paid to the implications of these reforms for corporate taxpayers, small and medium-sized enterprises, and individual taxpayers.

O. M. Atoyebi, SAN FCIArb.(U.K)
February 23, 2026

Explaining Personal Income Tax Deductions Under Nigeria’s Tax Act 2025

The New Tax Law in Nigeria: Key Reforms, Compliance Obligations, and Implications for Businesses and Individuals

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