New Nigeria Income Tax Laws 2026 | What Every Nigerian Must Know

Описание: 🇳🇬 NEW INCOME TAX LAWS in Nigeria – What you must know

In this video we break down the key changes introduced by the Nigeria Tax Act, 2025 (and three related Acts) that will take effect from January 1, 2026 (for individuals) and April 1, 2026 (for corporations). These changes will affect how much you pay, how your income is defined and taxed, and what reliefs or exemptions you can access.

✅ What we cover

The tax‐exemption threshold of ₦800,000 for individuals.

The new progressive tax rates: from 0% up to 25% depending on income band.

Removal of the Consolidated Relief Allowance (CRA) and introduction of rent relief (lower of ₦500,000 or 20% of rent paid) for individuals.

Definition of “resident individual” and taxation of worldwide income for residents.

Corporate‐tax changes: new Development Levy of 4%, minimum effective tax rate of 15% for large multinationals.

Special considerations for freelancers/remote workers earning foreign income.


🎯 Why this matters
If you’re an employee, freelancer, business owner or investor in Nigeria, these changes will affect your take-home income, your tax planning, and your compliance obligations. Being informed ahead of time gives you a chance to adjust.

📅 When do they apply?

For individuals: January 1 2026 onwards.

For corporations: April 1 2026 onwards.

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Disclaimer: This video is for educational purposes only. It is not tax advice. Please consult a qualified tax professional for your specific situation.