- Nigeria’s new tax laws, enacted in June 2025, take effect for transactions from 1 January 2026.
- The Nigeria Revenue Service clarified that returns filed in January 2026 for December 2025 or earlier transactions will use the old tax laws.
- VAT, Stamp Duty, and Withholding Tax on transactions from January 2026 onward are governed by the new laws.
- Transactions before January 2026 remain subject to the repealed tax laws, even if returns are filed after that date.
Source: strenandblan.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.
Latest Posts in "Nigeria"
- Nigeria SONCAP: Bureau Veritas Authorization Extended Until August 2026
- Nigeria Pressed to Fast-Track Digital VAT Reforms for Stronger West African Revenue Growth
- Nigeria’s VAT Reform Creates Divide Between Digital and Traditional Healthcare Services
- Nigeria’s E-Invoicing Rollout: Impact on Cross-Border VAT and Global Tax Compliance Trends
- Nigeria Overhauls VAT Rules: Expanded Deductions, New Exemptions, Fossil Fuel Surcharge, Stricter Compliance
