*Taiwo Oyedele, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, affirms the Federal Government has published the Nigeria Tax Laws 2025 in the official gazette, urging the readiness of the relevant institutions, and private sector players ahead of full implementation next year

Gbenga Kayode | 绿帽献妻

The Federal Government of Nigeria has confirmed the implementation of the first two sets of the four new Tax Reforms Laws will begin January 2026, and while the remaining two Tax Acts will commence June next year.

绿帽献妻 reports Mr. Taiwo Oyedele, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, disclosed this development Tuesday, September 9, 2025, in a message via his verified social media account.

Oyedele said that the country鈥檚 Tax Reforms laws had been published in the Official Gazette of the Federal Government of Nigeria.

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It is recalled that the Federal Government enacted the new Tax Reforms Laws June 26, 2025. These Acts are downloadable below:

1. Nigeria Tax Act, 2025 (NTA)
2. Nigeria Tax Administration Act, 2025 (NTAA)
3. Nigeria Revenue Service (Establishment) Act, 2025 (NRSEA)
4. Joint Revenue Board (Establishment) Act, 2025 (JRBEA)

According to Oyedele, key highlights of the Nigerian Tax Laws include the following:

饾懐饾拪饾拡饾拤 饾拞饾挋饾拞饾拵饾拺饾挄饾拪饾拹饾拸 饾挄饾拤饾挀饾拞饾挃饾拤饾拹饾拲饾拝 饾拠饾拹饾挀 饾挃饾拵饾拏饾拲饾拲 饾拕饾拹饾拵饾拺饾拏饾拸饾拪饾拞饾挃 鈥� 0 percent tax for a small company, defined under the NTAA as having an annual turnover not exceeding N100 million with total fixed assets less than N250 million.

饾懗饾拹饾挊饾拞饾挀 饾拕饾拹饾挀饾拺饾拹饾挀饾拏饾挄饾拞 饾挄饾拏饾挋 饾挀饾拏饾挄饾拞 饾拠饾拹饾挀 饾拲饾拏饾挀饾拡饾拞 饾拕饾拹饾拵饾拺饾拏饾拸饾拪饾拞饾挃 鈥揚rovisions to enable the reduction of tax rate from 30 percent to 25 percent for large companies effective from a date as may be determined in an Order by the President on the advice of the National Economic Council.

饾懐饾拪饾拡饾拤 饾挄饾拤饾挀饾拞饾挃饾拤饾拹饾拲饾拝饾挃 饾拠饾拹饾挀 饾挄饾拹饾拺-饾挅饾拺 饾挄饾拏饾挋 鈥� Exemption threshold of N50 billion revenue for local firms and 鈧�750 million equivalents for multinationals.

饾懍饾拕饾拹饾拸饾拹饾拵饾拪饾拕 饾拝饾拞饾挆饾拞饾拲饾拹饾拺饾拵饾拞饾拸饾挄 饾拪饾拸饾拕饾拞饾拸饾挄饾拪饾挆饾拞 鈥� Tax credit at the rate of 5 percent per annum for eligible priority sector investments.

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饾懛饾拏饾挌饾拵饾拞饾拸饾挄 饾拹饾拠 饾挄饾拏饾挋饾拞饾挃 饾拪饾拸 饾懙饾拏饾拪饾挀饾拏 鈥� Option to pay taxes on foreign currency transactions in Naira at the prevailing exchange rate in the official Foreign Exchange (Forex) market.

The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee restated the full implementation of NTA and NTAA is fixed for January 1, while the NRSEA and JRBEA have a commencement date of June 26, 2025.

This Oyedele explained this move is to ensure the readiness of the relevant institutions ahead of full implementation of the West African country鈥檚 fresh tax instruments next year.

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