17th July 2025
Understanding the New Nigerian Tax Regime: Key changes and impact
The tax and regulatory landscape in Nigeria has been evolving rapidly, with significant changes introduced since 2020 through annual Finance Acts. However, the year 2025 has arguably seen the most substantial change to date, with the enactment of tax reform laws that usher in Nigeria’s most extensive tax overhaul in decades.
The tax reform laws, slated to commence in January 2026, repeal all existing tax laws and consolidate the legal framework relating to taxation in Nigeria, providing a harmonised system for the taxation of income, individuals, assets, transactions, and instruments.
Ahead of the issuance of the gazetted copies of the tax reform laws, this client alert by the TEMPLARS Tax Practice Group succinctly highlights the key changes introduced and their implications for businesses.
For further clarification, contact TEMPLARS Partners, Dipo Komolafe, Igonikon Adekunle, and Sesan Sulaiman.
Related posts
3 July 2025
Regulation of Drone Use in Nigeria: The Road Ahead
As drone technology continues to gain global traction, Nigeria’s drone industry is experiencing rapid growth. However, in contrast to jurisdictions such as the US, UK and Ghana, Nigeria’s 2023 Civil Aviation Regulations remain limited in scope.
2 July 2025