Nigerian Capital Gains Tax Revenue Surges 429% to N12.18 Billion in December 2025
In December 2025, Nigeria's capital gains tax revenue skyrocketed by 429% to N12.18 billion compared to N2.30 billion in November, following tax reforms that included a 30% tax rate. The Federal Account Allocation Committee (FAAC) data revealed a significant increase in non-oil revenue, with capital gains tax contributing N686.66 billion.
The government's efforts to widen the tax base amidst volatile oil earnings have led to proposals aligning capital gains tax with the standard company income tax rate of 30%. The move aims to ensure that investors contribute to public revenue through increased taxes on profits from asset disposals.
Tax experts like Taiwo Oyedele from PwC have highlighted the potential long-term economic benefits of the tax reforms, emphasizing the importance of boosting Nigerian companies' valuations.
Plus234Feed summary based on reporting from Punch Newspapers. Read the original report below.
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