₦airaland Forum

BREAKING: President Tinubu has officially signed the four tax reforms bills into law
You can watch it here:


https://www.youtube.com/watch?v=BOPT06BvO7g

The four bills:
-The Nigeria Tax Bill
-The Nigeria Tax Administration Bill
-The Nigeria Revenue Service (Establishment) Bill
-The Joint Revenue Board (Establishment) Bill

Congrats to everyone who supported the bills! May Nigeria Win always

God bless His Excellency, President Asiwaju Bola Ahmed Tinubu (GCFR)

History will never forget his legacy and giant strides. One of a kind. The last political demigod.

This is a good one honestly. Contrary to the misinformation being peddled around, this tax administration Act will protect the lowest earners, NMSMEs and other vulnerable sectors of the economy. It will also streamline taxation and eliminate multiple taxation.

Then the sweetest part is that all the revenue generating agencies that used to siphon revenues will now face a hard time doing that. NRA will now be solely responsible for all revenue collection in Nigeria.

Here are the key advantages of the recently signed tax reform bills in Nigeria:

Simplified tax administration
Creation of the Nigeria Revenue Service (NRS) replaces multiple collection agencies, streamlining tax filing and reducing overlapping levies.

Relief for low‑income earners
Personal Income Tax (PAYE) exemption for annual incomes up to ₦1 million (₦83 k/month), while those earning up to ₦1.7 million/month get reduced rates. Essential goods like food, healthcare, education, electricity, and public transport are zero-rated for VAT.

SME and micro‑business incentives
Threshold for SME registration raised from ₦25 million to ₦50 million in annual turnover, with full exemption from Company Income Tax (CIT), VAT, and withholding tax—supporting the backbone of the Nigerian economy.

VAT ease & export encouragement
Exports of goods, services, and IP are zero-rated for VAT. Input VAT credits on purchases are now clearer—reducing production costs.

Remote work support
Nigerians working remotely for foreign employers (outside Nigeria) are exempt from PIT—encouraging participation in the global digital economy.

Benefits for States & Federalism

New VAT-sharing formula
VAT distribution now gives Federal Government 10%, States 55%, Local Governments 35%. States under “place of consumption” model will see increased revenue—boosting fiscal autonomy.

State revenue empowerment
States gain authority over LLP taxes, lottery/gaming levies, stamp duties, and receive 5% of federal VAT. Bonds issued by states are also tax-exempt—making state finance more independent.

Fiscal coordination via Joint Revenue Board
Harmonised tax administration and audit frameworks across federal, state, and local levels—with the establishment of the Joint Revenue Board ensuring stronger intergovernmental collaboration.

Transparency, Dispute Resolution & Tax Fairness

Office of Tax Ombudsman & Appeal Tribunals
Provides a streamlined, 14‑day window for resolving taxpayer grievances, reducing enduring disputes and arbitrary assessments.

Nuisance tax repeal & progressive tax structure
More than 50 redundant levies eliminated. Tax rates for PIT, VAT, and capital gains restructured progressively—shielding low-income earners.

Increased transparency
Establishment of the Tax Ombudsman and harmonised tax laws fosters accountability across MDAs, building trust with taxpayers.

Boost to Revenue & Economic Growth

Wider tax base, higher compliance
Digital filing systems and single-windows reduce compliance costs, encourage formalisation and broaden the tax net—currently low at 10.8% of GDP.

Stimulus for investment and job creation
Tax credits, CIT reduction from 30% to 25%, exemption for remote service PIT incentives, and export reliefs help boost business, drive employment, and attract capital.

Oil sector stimulus
New executive order grants up to 20% tax credits to oil companies that achieve cost-efficiencies—intensifying productivity in a vital revenue stream.

I Love Bola Ahmed Tinubu

♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️... How far? The 40 character don complete?

CoronaVirusPro:
God bless His Excellency, President Asiwaju Bola Ahmed Tinubu (GCFR)

History will never forget his legacy and giant strides. One of a kind. The last political demigod.

History will never forget the blue-print he is building

Let us wait for those that have negative opinion about this.

seanfer:
Let us wait for those that have negative opinion about this.

No one has any negative news. Stop looking for what isn't lost.

The guy no dey take eyes read tax ,he will sign it sharply but if na to reduce the poverty of citizens, he will not be interested, if corruption is still in full gear ,this reforms will still fail, is just like someone in business spending daily above his profits will surely ruin his business

Another dublication of establishment.

Ease of doing business is in the mud

Segun198019:
And VAT is now more than double. All these peanut crew, that don't even know the content of the bill

Better go and educate yourself and stop using half of your brain's capacity. Nice day!

Wow!!! Thank you Mr President. This is a laudable milestone and Nigeria is truly blessed to have Asiwaju Tinubu as President

And VAT is now more than double. All these peanut crew, that don't even know the content of the bill

TallNigerian:
This is a good one honestly. Contrary to the misinformation being peddled around, this tax administration Act will protect the lowest earners, NMSMEs and other vulnerable sectors of the economy. It will also streamline taxation and eliminate multiple taxation.

Then the sweetest part is that all the revenue generating agencies that used to siphon revenues will now face a hard time doing that. NRA will now be solely responsible for all revenue collection in Nigeria.

Here are the key advantages of the recently signed tax reform bills in Nigeria:

Simplified tax administration
Creation of the Nigeria Revenue Service (NRS) replaces multiple collection agencies, streamlining tax filing and reducing overlapping levies.

Relief for low‑income earners
Personal Income Tax (PAYE) exemption for annual incomes up to ₦1 million (₦83 k/month), while those earning up to ₦1.7 million/month get reduced rates. Essential goods like food, healthcare, education, electricity, and public transport are zero-rated for VAT.

SME and micro‑business incentives
Threshold for SME registration raised from ₦25 million to ₦50 million in annual turnover, with full exemption from Company Income Tax (CIT), VAT, and withholding tax—supporting the backbone of the Nigerian economy.

VAT ease & export encouragement
Exports of goods, services, and IP are zero-rated for VAT. Input VAT credits on purchases are now clearer—reducing production costs.

Remote work support
Nigerians working remotely for foreign employers (outside Nigeria) are exempt from PIT—encouraging participation in the global digital economy.

Benefits for States & Federalism

New VAT-sharing formula
VAT distribution now gives Federal Government 10%, States 55%, Local Governments 35%. States under “place of consumption” model will see increased revenue—boosting fiscal autonomy.

State revenue empowerment
States gain authority over LLP taxes, lottery/gaming levies, stamp duties, and receive 5% of federal VAT. Bonds issued by states are also tax-exempt—making state finance more independent.

Fiscal coordination via Joint Revenue Board
Harmonised tax administration and audit frameworks across federal, state, and local levels—with the establishment of the Joint Revenue Board ensuring stronger intergovernmental collaboration.

Transparency, Dispute Resolution & Tax Fairness

Office of Tax Ombudsman & Appeal Tribunals
Provides a streamlined, 14‑day window for resolving taxpayer grievances, reducing enduring disputes and arbitrary assessments.

Nuisance tax repeal & progressive tax structure
More than 50 redundant levies eliminated. Tax rates for PIT, VAT, and capital gains restructured progressively—shielding low-income earners.

Increased transparency
Establishment of the Tax Ombudsman and harmonised tax laws fosters accountability across MDAs, building trust with taxpayers.

Boost to Revenue & Economic Growth

Wider tax base, higher compliance
Digital filing systems and single-windows reduce compliance costs, encourage formalisation and broaden the tax net—currently low at 10.8% of GDP.

Stimulus for investment and job creation
Tax credits, CIT reduction from 30% to 25%, exemption for remote service PIT incentives, and export reliefs help boost business, drive employment, and attract capital.

Oil sector stimulus
New executive order grants up to 20% tax credits to oil companies that achieve cost-efficiencies—intensifying productivity in a vital revenue stream.

Expected Breaking News: Peter Obi attacks Tinubu's tax reform bills. Argues that you cannot tax people who are poor. Says that lifting people out of poverty is a better approach.

Dear Peter Obi, give us kilometer by kilometer breakdown or cost per kilometer of how to lift people out of poverty, especially multidimensional poverty.

If you wake Peter Obi from sleep, the first thing he'd say is "poverty". If you greet him good morning, his response would be "multidimensional poverty".

Congratulations to the Federal Republic of Nigeria for taking the first step to tax reforms. People who earn below a certain threshold would be exempted from income tax. States with more economic activities will make more money from taxes which will stimulate competition from states.

Ofunaofu:
No one has any negative news. Stop looking for what isn't lost.

Are you the appointed Spokesperson for nairaland community?

Where is the one that will pepper my lazy northern governors

Congratulations Nigerians, it will trickle down gradually. It is not a magic bullet.

Bad tax that governors rejected plus northerners join. Na waoooo.
Evil 😈😈😈 just uploaded

Nobody will tell, northern states to do more, the era of doing nothing and expect windfall from the south is gradually going over.

Bad tax that governors rejected plus northerners join. Na waoooo.
Evil 😈😈😈 just uploaded.
Who we offend? His companies are not obeying to law. Now baba Seyi don come with this one

This is the best thing so far from this administration congratulations to hard working gov they can now have more money to develop their state

I wish to see the content of the bill.
Also, when is it effective?

Already implemented, banks charges is damn craxy, any transfer above 50k ₦600 charge

emkz:
Expected Breaking News: Peter Obi attacks Tinubu's tax reform bills.

I swear His Excellency Peter Obi is a nightmare to you.

Calm down o

TallNigerian:
Remote work support
Nigerians working remotely for foreign employers (outside Nigeria) are exempt from PIT—encouraging participation in the global digital economy.

Why are remote workers exempt from personal income tax when they bring lots of liquidity to the economy?

Next should be state police, this is urgently needed

God bless President Tinubu
God bless Nigeria.
The law will work.

talk2hb1:
BREAKING: President Tinubu has officially signed the four tax reforms bills into law
You can watch it here:


https://www.youtube.com/watch?v=BOPT06BvO7g

The four bills:
-The Nigeria Tax Bill
-The Nigeria Tax Administration Bill
-The Nigeria Revenue Service (Establishment) Bill
-The Joint Revenue Board (Establishment) Bill

Why is this information just breaking on the NL homepage when a lot of folks on Instagram, X, and the Nigerian Diaspora already know about this fantastic Tax reform bill? NL mods have to be nimble more nimble in getting this kinds of info out for more visibility here to those who are uninformed.

talk2hb1:
BREAKING: President Tinubu has officially signed the four tax reforms bills into law
You can watch it here:


https://www.youtube.com/watch?v=BOPT06BvO7g

The four bills:
-The Nigeria Tax Bill
-The Nigeria Tax Administration Bill
-The Nigeria Revenue Service (Establishment) Bill
-The Joint Revenue Board (Establishment) Bill

Will it stop destruction of beer bottles in some States in the north?