Nigeria Introduces New Tax Regime: Compliance, Penalties, and Dispute Resolution Explained
Nigeria has implemented a new tax regime with four new tax statutes, including the Nigeria Tax Act 2025, to streamline tax laws and enhance compliance. The new laws, effective from January 2026, aim to simplify tax procedures, reduce the tax burden on low-income earners, and encourage investment.
The legislation also provides mechanisms for dispute resolution and penalties for non-compliance. The Nigeria Revenue Service will oversee the enforcement of the new tax laws to ensure taxpayer compliance and fiscal justice.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
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