Jan 4, 2026
GAZETTED TAX REFORM ACTS RELEASED BY NATIONAL ASSEMBLY
The House of Representatives has released the four gazetted tax reform Acts: Download copies of the laws
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Presidential Fiscal Policy and Tax Reforms Committee
Jan 4, 2026
The House of Representatives has released the four gazetted tax reform Acts: Download copies of the laws
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Nov 3, 2025
From 1 January 2026, the new tax laws will provide many reliefs and exemptions for low-income earners, average taxpayers, and small businesses including: Personal Income Tax or PAYE Allowable Deductions & Reliefs for individuals Pensions & Gratuities – Exempt Capital Gains Tax (CGT) – Exempt Companies Income Tax (CIT) – Exempt Development Levy – Exempt […]
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Nov 1, 2025
The Presidential Fiscal Policy & Tax Reforms Committee is pleased to announce the commencement of a Train-the-Trainers Program for Professionals on the new tax reform laws. The program, which seeks to leverage the power of many, is a volunteer-driven initiative designed to equip professionals with deeper knowledge and resources to enhance their skills and capacity […]
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Oct 31, 2025
The Presidential Fiscal Policy and Tax Reforms Committee is pleased to introduce Students Tax Reform Challenge, a nationwide competition for young Nigerians to showcase their knowledge, ideas and creativity on the new tax reform laws. Objective: The competition and award seek to: Eligibility: Entry requirements Evaluation criteria Content must be educative, engaging, and fact-based. Entries […]
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Oct 28, 2025
The Presidential Fiscal Policy and Tax Reforms Committee has unveiled the Excellence in Tax Reform Reporting Award, a landmark initiative to recognise and reward journalists and online influencers who provide balanced, accurate, and impactful reporting on Nigeria’s ongoing tax reforms. The Award seeks to strengthen constructive public discourse, counter misinformation, and elevate journalism that explains […]
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Aug 20, 2025
The Presidential Fiscal Policy and Tax Reforms Committee invites the Leadership of the Organized Private Sector & their C-Suire Members to an Exclusive Interactive Session on the Implementation of the New Tax Reforms Laws. This event is strictly by invitation. Check flier for details
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Jul 1, 2025
Today is a day of celebration, but it is also a day of reflection and renewed commitment. I am honoured and humbled to stand before you, not just to mark another year in my journey, but to share ideas about the future of our country that demands courage, creativity, and conviction from all of us. […]
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Mar 3, 2025
𝐐1 – 𝐖𝐡𝐲 𝐢𝐬 𝐭𝐡𝐞 𝐠𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐬𝐞𝐞𝐤𝐢𝐧𝐠 𝐭𝐨 𝐚𝐦𝐞𝐧𝐝 𝐭𝐡𝐞 𝐭𝐚𝐱 𝐢𝐧𝐜𝐞𝐧𝐭𝐢𝐯𝐞𝐬 𝐚𝐯𝐚𝐢𝐥𝐚𝐛𝐥𝐞 𝐭𝐨 𝐟𝐫𝐞𝐞 𝐳𝐨𝐧𝐞 𝐞𝐧𝐭𝐢𝐭𝐢𝐞𝐬 𝐚𝐬 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐭𝐡𝐞 𝐭𝐚𝐱 𝐫𝐞𝐟𝐨𝐫𝐦 𝐛𝐢𝐥𝐥𝐬? A1 – The tax bills are part of the comprehensive reform of the tax system. The key objectives include harmonisation of tax rules, rationalisation of tax incentives, and addressing distortions or […]
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Jan 31, 2025
The FATE Institute’s 2023 report, “Unlocking Prosperity for Nigeria’s NMSMEs through Tax Reforms,” examines the challenges of multiple taxation faced by nano, micro, and small enterprises (NMSMEs). Surveying 10,377 businesses, the report finds that 55% pay taxes, mainly to state agencies, with nano businesses particularly vulnerable to exploitation by non-state actors. Key issues include a […]
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Jan 7, 2025
Q1 – What is the thinking behind the proposed changes to the current tax table of personal income brackets and rates? A1 – The current tax table was introduced in 2011. Due to high inflation and lack of review, the structure has resulted in “fiscal drag” where many low income earners have been pushed to […]
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Jan 6, 2025
As part of the ongoing fiscal policy and tax reforms, the 2024 Withholding Tax Regulations, which was approved in July 2024 and published in the Official Gazette in October 2024, takes effect 1 January, 2025. Here are some of the key changes: Download a copy of the Regulations here
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Dec 13, 2024
The Presidential Fiscal Policy and Tax Reforms Committee have emphasized that the proposed increment in Value Added Tax (VAT) will reduce inflationary pressures contrary to the views that it would stoke prices. The VAT reform, including the proposed increase in VAT rate, is part of a package involving several measures designed to reduce, NOT increase […]
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