Nigeria Tax Act 2025: Key Reforms for Businesses | Adeola Oyinlade Co posted on the topic | LinkedIn
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Understanding Nigeria's 2025 Tax Act: What Every Individual Needs to Know | Timi Agbaje
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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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The Implementation Committee on Tax Reforms has assured that the remaining parts of the tax reform laws will begin implementation by January 2025. Chairman of the Presidential Tax Reform Committee, Taiwo Oyedele, gave this assurance following a meeting with President Bola Tinubu in Lagos. Key figures, including Zacch Adedeji (Chairman of the National Inland Revenue Service) and Joseph Tegbe (Chairman of the National Tax Policy Implementation Committee), were present to brief the President on the
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