Nigerian Government Clarifies New Capital Gains Tax Rules to Protect Small Investors
The Nigerian Presidential Fiscal Policy Tax Reform Committee has released details of the new Capital Gains Tax (CGT) framework aimed at reducing investment risks and safeguarding small investors. The reforms include a revised framework with a progressive tax rate ranging from 0-30%, allowing deductions for capital losses, and exempting small institutional investors.
The changes will reset the cost base of existing investments to market prices by December 31, 2025. Investors and traders are expected to adopt a self-assessment compliance model.
The new rules will take effect from January 1, 2026, offering exemptions and relief to low-income earners and small businesses.
Plus234Feed summary based on reporting from Legit NG. Read the original report below.
Read full article
Continue on Legit NG
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Nigerian Government to Review Capital Gains Tax Law in New Tax Policy Overhaul
FG Introduces 25% CGT to Curb Equity Flight, Analysts Warn of Dampened Returns
Nigeria's Capital Gains Tax Reform: Past Gains Won't Be Taxed, Clarifies Oyedele
Nigerian Investors Contemplate Asset Sell-Off Amid Capital Gains Tax Adjustment
Analysts Fear Asset Sell-Off Due to Nigeria's New Capital Gains Tax
Nigerian Government Considers Reviewing Capital Gains Tax Amid Investor Concerns
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
