11/12/2025
Finally, the Nigerian Government Gets it Right? 🤔
I was reading through the new Nigeria Tax Act 2025, and I saw something that made me pause.
For years, small business owners have complained about multiple taxes killing their profits. Well, starting January 2026, the story changes.
The new law is crystal clear: If your business revenue is ₦50 Million or less, your Corporate Income Tax is 0%.
The government has consolidated the old, messy laws into one clean playbook. They even introduced a new 4% Development Levy for big corporations, but guess what? Small businesses are completely safe from this extra cost.
Here is the "But" (And it's a big one):
Free tax does not mean freedom from rules.
The Corporate Affairs Commission (CAC) is not playing. You strictly MUST file your Annual Returns.
Think of it this way: The government is giving you a tax break, but in exchange, they want to know you still exist. If you don't file, you risk getting delisted.
📌 Save this post for your 2026 planning.
