Nigeria Overhauls Tax Regime for Export Processing Zones and Free Trade Zones in 2025
Nigeria enacted the Nigeria Tax Act 2025 to reform the tax system for entities within Export Processing Zones and Free Trade Zones. The Act provides comprehensive tax exemptions, including relief from federal, state, and local taxes, for approved enterprises operating within these zones.
Entities in these zones enjoy incentives such as exemption from corporate income tax, value-added tax (VAT), import/export duties, and foreign exchange controls. The Nigerian Export Processing Zone Authority (NEPZA) and Oil and Gas Free Zone Authority (OGFZA) play key roles in granting licenses and providing substantial incentives to encourage investments within the zones.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
Read full article
Continue on Business Day
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
NEZA Calls for Dialogue on Tax Reforms Impacting Economic Zones
Nigeria's New Tax Reform Laws Overhaul Fiscal Framework
Nigeria's New Tax Reforms: Impact on Businesses and Finance Professionals
Nigeria Implements New Tax Reform Laws for Fiscal Overhaul
Nigeria Introduces New Tax Regime with 5% Annual Tax Credit for Companies
Nigeria Transitions from PSI to EDTI for Industrial Growth
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
