[CLSTR]
< Back to situations

Monitor this situation.

[SITUATION] · [ACTIVE] · [BUSINESS]

2 clusters · 3 sources · 8 days · First seen · Last updated

Nigeria tax code and administration reforms

Overview

Nigeria has undertaken significant tax reforms at both the national and state levels. Nationally, a comprehensive overhaul of the tax code took effect on January 1, 2026, involving four new acts including the Nigeria Tax Act and the Nigeria Tax Administration Act. These changes restructured the national revenue service and introduced a progressive six-band Pay As You Earn (PAYE) structure for personal income tax. Corporate tax changes include a 30 percent rate on gains and new rules regarding offshore share sales and specific thresholds for taxable gains.

Complementing these national shifts, eighteen states have adopted a Model Harmonised Taxes and Levies Law. This initiative aims to eliminate multiple and overlapping taxation by reducing collection items from over 50 to nine sub-heads. In Kaduna State, local administration is aligning with these reforms through support for the Office of the Tax Ombud to enhance revenue mobilisation and provide dispute resolution for taxpayers.

Entities

Uba Sani · Joint Revenue Board · Kaduna State · Office of the Tax Ombud · Olusegun Adesokan

Timeline

  1. 2 days ago

    [BUSINESS] 2 sources
    Nigeria implements major tax code overhaul and reforms

    Nigeria has implemented major tax reforms effective January 2026, introducing a new PAYE structure, revised corporate tax rules, and updated relief allowances amid a strong performance in the local equity बाजार

  2. 10 days ago

    [BUSINESS] 2 sources
    Nigeria: 18 states adopt harmonised tax law to end multiple taxation

    Eighteen Nigerian states have adopted a harmonised tax law to eliminate multiple taxation, while Kaduna State integrates the Office of the Tax Ombud to protect taxpayer rights and boost revenue.

Sources

riotimesonline.com · thisdaylive.com · tribuneonlineng.com