New Nigerian Tax Law 2025 Explained Simply

Описание: The Nigerian tax landscape has changed.

In this in-depth webinar hosted by South Saharan Social Development Organisation (SSDO), tax expert Udoamaka Okoye (ACA, ACTI) breaks down the newly signed Nigerian Tax Laws and what they mean for:

Individuals
Small and Medium Enterprises (SMEs)
NGOs and donor-funded organisations
Freelancers and consultants

This session replaces fear and rumours with clarity. If you earn income in Nigeria, this affects you.

You will learn:
✔ The 4 new tax laws signed in 2025
✔ Who must file annual tax returns
✔ Changes to PAYE and tax brackets
✔ What small businesses must do immediately
✔ NGO compliance obligations
✔ Penalties for non-compliance
✔ What can trigger a tax audit
✔ Common myths about government taxing bank accounts
Whether you are an employee, startup founder, nonprofit leader, consultant, or student earning income, this webinar gives you practical steps to stay compliant and avoid penalties.

⏱ CHAPTERS & TIMELINES
00:00 – Welcome & Webinar Overview
03:48 – Why This Conversation Matters
06:25 – Speaker Introduction: Udoamaka Okoye
09:28 – Overview of the 4 New Nigerian Tax Laws (2025)
14:17 – Who the New Tax Law Applies To
16:32 – Mandatory Annual Tax Filing Explained
19:30 – Rental Income & Global Income Declaration
22:44 – Why You Need a Tax Identification Number (TIN)
23:40 – PAYE Breakdown & New Tax Brackets (0% to 25%)
28:07 – What Small & Medium Businesses Must Know
30:52 – VAT, Withholding Tax & Payroll Obligations
34:45 – Filing Deadlines & Penalties
37:06 – What Triggers a Tax Audit
39:57 – NGO Tax Compliance Clarified
43:08 – Immediate Compliance Steps to Take
44:49 – Q&A: Can Government Take Money From Your Account?
47:39 – Why Tax Rates Increased for High Earners
48:54 – Pensioners & Tax Obligations
50:42 – Do Individuals Still File If Employer Deducts PAYE?
52:00 – Are Students Taxed?
53:35 – Small vs Large Business Tax Differences
56:44 – NGO Vendor Compliance & Penalties
58:00 – Contract Staff: PAYE or Withholding Tax?
01:04:05 – Project Staff & Payroll Compliance
01:06:48 – Bankruptcy & Tax Implications
01:12:37 – Closing Remarks & Key Takeaways