Nigerian Diaspora Faces New Tax Era Under Tinubu's Administration Starting 2026
The Presidenti Fiscal Policy Committee has released details clarifying the new tax reforms affecting Nigerians abroad starting January 2026 under Tinubu's leadership. The reforms address concerns raised by the Nigerian diaspora, specifying that income from wages, business profits, investments, and returns will be subject to taxation.
However, Nigerians living abroad will not be taxed on their foreign employment or business income. The committee also outlined tax exemptions for diaspora investments in Nigeria and provided guidelines on taxation for various scenarios, including capital gains, dividends, and rental income.
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