Nigeria - 2025 -

Tax Act, 2025

The Nigeria Tax Act consolidates key tax statutes into a unified legal framework. It introduces a progressive personal income tax regime (up to 25%), a 4% development levy on large and medium enterprises, and higher capital gains tax rates. The Act exempts small companies, defined as those with annual turnover not exceeding ₦100 million and total assets below ₦250 million, from corporate income tax, capital gains tax, and the development levy. It also incorporates provisions for the taxation of digital assets and implements the OECD-aligned global minimum tax for multinational corporations.

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Tax Act, 2025 Current Version

August 2025

The Nigeria Tax Act consolidates key tax statutes into a unified legal framework. It introduces a progressive personal income tax regime (up to 25%), a 4% development levy on large and medium enterprises, and higher capital gains tax rates. The Act exempts small companies, defined as those with annual turnover not exceeding ₦100 million and total assets below ₦250 million, from corporate income tax, capital gains tax, and the development levy. It also incorporates provisions for the taxation of digital assets and implements the OECD-aligned global minimum tax for multinational corporations.

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