Nigeria: Tax Authorities

Nigeria's new tax framework, effective January 1, 2026, introduces comprehensive regulations for non-resident individuals earning income from Nigerian sources. Understanding the criteria for non-resident status, tax obligations, registration requirements, and filing procedures is essential for expatriates and foreign workers operating in Nigeria's evolving tax landscape.

The Nigeria Tax Administration Act 2025 introduced sweeping reforms within the Nigerian Tax Regime, one of which is the “power of substitution” as contained in Section 60 of the Act.

For the better part of June and July 2026, the FIFA World Cup had the world enthralled with nerve-racking matches, record-breaking performances and celebrations that stretched far beyond the stadiums. But while fans counted goals, another spectator was keeping a different score – the taxman. The tournament ended weeks ago, but for the players, the story did not end on the pitch. In its wake, athletes were faced with taxation tied to the sporting activities they performed in host countries, and for those who played on American soil, this meant up to 37% of their earnings, in some cases, going to the taxman.

Nigeria's Federal Ministry of Finance has issued General Transition Guidelines to support the implementation of four landmark tax statutes signed into law in June 2025, establishing a unified modern tax framework.

Nigeria's new Presumptive Tax Regulations establish a simplified tax framework for informal sector businesses and individuals whose income cannot be accurately determined through standard assessment methods. The regulations introduce a 1% turnover-based tax system with specific exemptions for nano businesses, while also implementing a 2% capital gains tax on asset disposals.

Nigeria's new tax regime transitions from legislative reform to practical implementation, with the Nigeria Revenue Service rolling out electronic invoicing requirements for large taxpayers and a comprehensive Tax Identification framework. The International Monetary Fund has weighed in with recommendations for further revenue mobilisation, while the Tax Appeal Tribunal has set important precedents on the proper methodology for Best of Judgment assessments.

Nigeria’s fiscal landscape has undergone a significant transformation with the enactment of the Nigeria Tax Act 2025, which raised the Capital Gains Tax (CGT) rate from 10% to 30% for corporate entities.

Nigeria's Revenue Service has launched Rev360, a comprehensive digital platform that replaces TaxPro Max and consolidates tax compliance functions into a unified system. This transition raises critical questions about data migration, taxpayer onboarding, and the operational adjustments required to maintain compliance during the implementation phase. Tax advisers and corporate taxpayers must navigate new role-based access protocols and reconciliation procedures as the country accelerates its shift toward int

Nigeria's tax administration is undergoing a significant transformation with the launch of Rev360, a next-generation revenue platform set to debut on April 30, 2026. This new system promises to revolutionize efficiency, transparency, and taxpayer experience, marking a pivotal shift toward a smarter, more integrated tax infrastructure. Businesses must understand what this platform means for their operations and how to prepare for the changes ahead.