August 4, 2025

Tax laws

General Tax Reform

A Simple Guide to Nigeria’s New Tax Laws

Let’s be honest, talk about “tax reform” usually sounds like a headache waiting to happen, full of complicated terms that don’t seem to apply to everyday life. However, the government has introduced new changes that are actually designed to directly impact you, and it’s important to understand them in simple terms. This is a straightforward

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Economy Editorial General

Let’s talk about the new tax laws in Nigeria, What’s really going on and how it affects YOU

First of all, no panic. The VAT you pay when you buy something? It hasn’t changed. It’s still 7.5%. So if you’re buying soap, fuel, electronics, or even paying for services, nothing extra is added yet. Also, companies, whether big or small, are still paying 30% of their profit as company income tax. No increase

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