Nigeria Introduces 50 Tax Exemptions and Reliefs in New Law

Nigeria is introducing a new tax law effective January 1, 2026, which will include 50 exemptions and reliefs. The law is designed to benefit low-income earners, average taxpayers, and small businesses.

These exemptions are expected to enhance the welfare of the middle class and stimulate growth in the small-scale business sector. The move is part of efforts to improve the country's economy and create a more conducive environment for businesses to thrive.