- 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- Transactions before January 2026 remain subject to the repealed tax laws, even if returns are filed after that date.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 VAT Compliance: Navigating TaxPro Max for Digital and Non-Resident Suppliers
- Why Nigeria’s Most Vibrant States Receive Less VAT Revenue Than They Generate
- Nigeria Mandates E-Invoicing for SMEs, Sets Timeline for Full Digital Tax Compliance
- Nigeria Sets E-Invoicing Compliance Deadlines: Phased Rollout Begins April 2026 for Large Taxpayers
- NCAA Orders Overland Airways to Refund Passengers Wrongly Charged VAT Before January 2026
