FG Reveals 50 Tax Exemptions and Reliefs Under New Laws
The Federal Government of Nigeria has announced a comprehensive list of 50 items that will benefit from tax exemptions and reliefs under the new tax laws starting on January 1, 2026. The exemptions aim to provide relief to low-income earners, average taxpayers, and small businesses.
Some of the key items include exemptions for individuals earning the national minimum wage, annual gross income thresholds, pension contributions, interest on loans for residential housing, and gains from certain investments. The new tax laws also offer relief for small companies meeting specific turnover and asset criteria.
These measures are designed to stimulate economic growth and support various sectors of the economy.
Plus234Feed summary based on reporting from NaijaNews. Read the original report below.
Read full article
Continue on NaijaNews
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Nigeria Unveils 50 Tax Exemptions for Low-Income Earners and SMEs from 2026
Nigerian Tax Reform Committee Introduces 50 Exemptions for Low-Income Earners and SMEs
Nigeria's New Tax Reforms: Impact on Businesses and Finance Professionals
Nigerian Listed Companies Remit N3.06 Trillion Ahead of New Tax Regime
Nigerian Govt Clarifies New Tax Law Misinformation Amid Fuel Market Concerns
Nigerian Government Clarifies New Capital Gains Tax Rules to Protect Small Investors
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
