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: Key Changes for Nigerians | Victor Momodu posted on the topic | LinkedIn
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📣 Nigeria Tax Act 2025 Explained — No Panic, Just Facts! 🇳🇬💡 Many people are worried about the Nigeria Tax Act 2025, but let’s clear the air… 🤔🔥 ✔️ Not all money is taxable. Only real income, profits, and gains are taxed — not refunds or reimbursements. ✔️ Tax is not charged on every transfer. Only taxable supplies attract VAT — regular bank transfers don’t automatically mean tax. ✔️ Words in your bank description do NOT decide tax. Calling money a “support” or “refund” doesn’t change the
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📣 Nigeria Tax Act 2025 Explained — No Panic, Just Facts! 🇳🇬💡 Many peopl…
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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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