The tax reform bill signed into law on June 26, 2025, marks a new chapter for Nigerian employees and businesses. The legislation introduces four new Acts: • The Nigeria Tax Act (NTA) • The Nigeria Tax Administration Act (NTAA) • The Nigeria Revenue Service (Establishment) Act (NRSA) • The Joint Revenue Board (Establishment) Act (JRBA) | National Orientation Agency, Nigeria.
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Nigeria Tax Act 2025
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The new Tax act 2025 or what we call the new tax law in Nigeria captures everyone. This is what is called widening the tax net. Every taxable transaction will be assessed to know if you are liable to pay tax on it. For example, A person receiving 50k daily. It could be medical bills or money for goodsk or service. When assessed, the true nature of that transaction will be shared. If you earned an income, you’ll be taxed but if it’s not an income you do not pay tax on that. #economy #tax #Nigeria
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