Nigerians Face Uncertainty as New Tax Regime, Digital Portals Roll Out for 2025 Compliance

• Small business owners and individual taxpayers are unclear about new filing procedures and compliance timelines under Nigeria’s 2025 tax laws.
• Users report slow response times on tax portals, despite updated platforms for registration, filing, and payments.
• The new tax regime exempts low-income earners (annual income ≤ N800,000) from tax, while higher earners face progressively higher rates (up to 25% for N50 million+).
• VAT remains at 7.5%, and Company Income Tax uses a tiered structure with 0% for small companies and 30% standard rate.
• The transition is causing anxiety and confusion, but low-income earners benefit most from the changes.

Source: vanguardngr.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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