₦airaland Forum

I love how balablu will milk everybody dry including data boys!
I surely know I'll benefit from this tax law! If you know, you know It's time to make more money!

those people supporting him they will follow us pay tax join.. lol.. thanks to God I will save my money in foreign currenc

It is reported that the tax law as passed by the national assembly is not the same with what the government gazzeted. This means the document the government is bandying about now is a fake.

Plane simple English Una there. . .

This long jargons?

Op don dey kolomental

Lakside1955:
I can see a lot happening next year, in term of protesting and more hardship

Nothing go happen, Nigerian na ekuke dog, Dem go de bark & as u near dem dey go run

So what will the money be used for? If you think you will embezzle the money, your families and extended will pay dearly for it. Just wait and see.

I know it won't work. Till January

what is the difference between this and armed robbery??

If you are still earning ₦12m to ₦50m in this country and you haven't processed your passport, you are the real enemy of yourself.

See the bands, 21% to 25% tax! So I will give the government 1/4 of my hard-earned money in a country where I still buy my own transformer, dig my own borehole, pay my own security, and dodge potholes that look like swimming pools?

They said 'protect low-income earners' but the price of bread has moved from ₦400 to ₦1,500. The only thing 'low' in Nigeria is our life expectancy. This isn't a tax reform, it's a 'Final Looting' manual

Win12345:
Evil people, na God go punish una for milking people dry to feed yourselves.

My brother,do not dismay.
After this year, swift judgement from above will start.
Surely,it will be very swift and sweet.

So if I play bet or trader crypto or forex after the government no gree give me work I will still come and be paying them tax

I still don't understand. Interestingly.

The fool want Nigerians to pay more taxes but he cannot show accountability

Editorialtimes:
Source: https://thebureaunews.com/nigerias-new-tax-laws-explained-in-simple-english-2026-guide/

What is the definition of "income" under the new tax laws?

If I help someone to sell a car for 5m, buyer pays into my account and I immediately send 4.9m to the car owner, will the 5m be calculated as my income and the 4.9m still calculated as rhe car owners income? This is a question you are all avoiding. What exactly is "income" according to the new tax laws?

Lakside1955:
I can see a lot happening next year, in term of protesting and more hardship

There's no protest anywhere infact this is a great initiative by the government to protect small businesses. Many of you speak like dis because you lack comprehension.

AqualinaXYZ:
Just imagine say INEC no do their normal rigging


And Peter Obi won


Now Peter Obi is doing all these


Just imagine what Yorubas will say?


Calm down no rush just imagine wetin those people go talk about all these tax insecurity no job bad roads no electricity inflation price hikes and all


Just imagine

Why all these delusions by Obidients? So if Tinubu had lost the election,would Obi that came 3rd have been declared winner? That's the problem I have with you Obidients. How can you be daydreaming that if Tinubu had lost Obi would have been president when Atiku came second? It is Atikus supporters that should be making this kind of assumption having come second. And stop all these hatred on Tinubu, politics is a game of numbers. Accept the inevitable and move on !

AqualinaXYZ:
Just imagine say INEC no do their normal rigging


And Peter Obi won


Now Peter Obi is doing all these


Just imagine what Yorubas will say?


Calm down no rush just imagine wetin those people go talk about all these tax insecurity no job bad roads no electricity inflation price hikes and all


Just imagine

So you don't want to pay tax?

I still don't understand this shait.

So if I receive my salary, I can ask my employers to put 'gift' in the narration so that it doesn't qualify as income?

Confusing af

adisabarber:
What is the definition of "income" under the new tax laws?

If I help someone to sell a car for 5m, buyer pays into my account and I immediately send 4.9m to the car owner, will the 5m be calculated as my income and the 4.9m still calculated as rhe car owners income? This is a question you are all avoiding. What exactly is "income" according to the new tax laws?

Help me ask them o.

Editorialtimes:
Source: https://thebureaunews.com/nigerias-new-tax-laws-explained-in-simple-english-2026-guide/

the Major reason why people complaining is there won’t still be significant changes or rather they’d still steal the money, see even after subsidy removal , increment in all bills people are still suffering

Taxing people based on bank account monitoring seems deeply flawed to me. As a contractor who handles complete electrical projects from piping to fittings, and sometimes CCTV installations, my clients typically pay the full project amount into my account in three stages: first for piping, second for wiring, and finally for fittings. How will the government distinguish between my actual income and the money meant for materials and operational costs just by monitoring my account?

Some of these are a overkill. For example the tax on gratuity or pension makes no sense, thats like double taxation after already making tax deduction on salary. Also witholding on rent is just an over reach. Nobody should pay additional tax after rent. This will have a negative effect and may never achieve its intended purpose as ppl may avoid bank transfers altogether.

Imagine paying PAYE, VAT, WHT at the same time? too much, they should consolidate instead. Govt should be encouraging ppl to pay tax not discourage them with multiple taxation.

If your salary is 70k how much is your tax

Tinubu abeg no kee us
Tinubu abeg no kee us
Tinubu abeg no kee us
Tinubu abeg no kee us
Tinubu abeg no kee us
Tinubu abeg no kee us
Tinubu abeg no kee us
Tinubu abeg no kee us
Tinubu abeg no kee us
Tinubu abeg no kee us
Tinubu abeg no kee us
Tinubu abeg no kee us
Tinubu abeg no kee us
Tinubu abeg no kee us


Tinubu!!! 🙄🙄🙄

Elzazzi:
We are not benefiting anything from this stupid government. They still want to tax the hell out of Nigerians. I know France is behind this rubbish. All the money Tinubu has looted since his days as governor to this present day has run into billion of dollars.

What exactly are they doing with the resources if not sharing it among the political elites. Some of us said it back then that a mafia like Tinubu shouldn't be allowed close to the sit of power but they we were mad. Some played the tribal card but today what is the outcome?

Nonsense.

how is France behind it

What you have described under PAYE is incorrect or rather not very clear.


You do not pay 15% on your salary if you earn between 800k and 3m. You pay 15% on what is leftover after deducting the tax free earnings.

So if you earn 800k, as you stated, you pay 0 tax. However, if you earn 850k, you only pay 15% on the 50k and not on the 850k . And if you earn 3m you pay 15% on the 2.2m not on 3m.

You get can additional tax relief if you rent . You get 20% of your annual rent deducted as well. So if you earn 900k, you remove the 800k tax free allowance . If you live in a 1m naira rental property, you deduct 20% of 1m which is 200k so if you earn 900k, you pay no tax.

Note that the rental deduction is up to a maximum of 500k....so even if you pay 4m rental, you dont get 800k deduction, you get only 500k.

Now what if you earn 5m...first you deduct 800k. You have 4.2m left. You then pay 15% on the next 2.2m and then 18% on the remaining 2m...and so on. So your salary is taxed in two different percentages. So 5m salary doesnt mean you pay 18% tax outright but 15% on the 2.2m and 18%on the remaining 2m.

More Incoming hungers
God Help us all
For how long Dem go keep on taxing us
Naija our Number one Priority is to curb insecurity ,dis taxing no be now ,our Economy de very bad ,so tackle dis Killings and you go see say people go like wan do business for Naija,dis taxing us wen no job Howfr it will end.
All dis men are just playing to the book..

Guestmale:
QUESTIONS & ANSWERS ON THE NEW NIGERIA TAX LAW*

I BELIEVE THE INFORMATION MAY BE USEFUL TO SOMEONE.

(SPECIFIC FOCUS ON INDIVIDUALS AND SMALL BUSINESSES)

🟢 Q1:
When will the new Nigeria Tax Act take effect?

A1:
The new Nigeria Tax Act takes effect from 1st January 2026.*



🟢 Q2:
Which specific individuals does the Nigerian Tax Law apply to?

A2:
It applies to all individuals who earn income in Nigeria (workers, content creators, remote workers, influencers, traders, etc.) and to Nigerians earning income abroad if they are tax residents in Nigeria



🟢 Q3:
Will transfers and deposits into my bank account be taxed?

A3:
NO. Moving money around (via POS, transfers, deposits, or withdrawals) is not a taxable event. What is taxed is income earned.



🟢 Q4:
Will the money I KEEP in my bank account be taxed from 2026?

A4
NO.
Just having money in your account is not taxable.
Only the income you earn (like salary, business profits, or interest) is what can be taxed.



🟢 Q5 :
I’m a student with no job. Will I pay tax in 2026?

A5:
NO.
If you have no taxable income, you won't pay tax.



🟢 Q6:
Will tax authorities now monitor bank accounts of businesses more closely?

A6:
YES,
It will be easier for authorities to track compliance.

However,
Your bank balances will not be taxed; profits and income are.



🟢 Q7 :
Will I pay tax on the loan I borrow from Fairmoney or any lender?

A7:
NO.
Loans are not taxable given that they are not income.

However, the interest income earned by Fairmoney will be taxed in their own hands.



🟢 Q8:
I run a one-man business.

Do I pay personal income tax or company income tax?

A8:
If registered as an enterprise (business name), you pay Personal Income Tax.

If registered as a limited liability company then you pay Company Income Tax.



🟢 Q9:
If I sell shares and make a profit, will I pay tax in 2026?

A9:
NO,
as long as the shares you sold are not more than ₦150 million in value, and the gain is not above ₦10 million.

However, if it is higher than this threshold, the gain becomes taxable.



🟢 Q10:
I am a pensioner.
Will my pension income be taxed in 2026?

A10:
NO.
Approved pension and retirement benefits are exempt from tax.



🟢 Q11:
Are military salaries taxable?

A11:
NO.
The salaries of military officers are now tax-exempt.



🟢 Q12:
Do creatives (authors, musicians, sportsmen) still enjoy tax exemptions on foreign income?

A12:
NO.
They must now pay Nigerian tax on their income earned within Nigeria and outside.



🟢 Q13:
Are crypto gains taxable?

A13:
YES.
Profits from crypto, NFTs, and other digital assets are now taxed.



🟢 Q14:
Who is exempt from personal income tax?

A14:
Individuals earning the national minimum wage or less, and those earning below ₦800,000 annually, are exempt.

🟢 Q15:
What are the new progressive tax bands?

A15:

👉First ₦800,000 @ 0%
👉Next ₦2.2m @ 15%
👉Next ₦9m @ 18%
👉Next ₦13m @ 21%
👉Next ₦25m @ 23%
👉Above ₦50m @ 25%



🟢 Q16:
If I get a big severance package when leaving my job, will I pay tax on it?

A16:
You won't pay tax if it is ₦50 million or less,
BUT if it is more than the extra amount, it will be taxed using the progressive tax band in no 15 above.



🟢 Q17 :
If I earn dividends or rent from abroad,
Will Nigeria tax it?

A17:
Dividends, interests, rent, royalties earned from outside Nigeria are EXEMPT from tax provided they are brought into Nigeria through approved channels (banks).



🟢 Q18:
If a soldier or anyone in the armed forces gets injured in service and starts receiving a disability pension, will it be taxed in Nigeria?

A18:
NO.
The disability pensions earned by the soldier or anyone in the armed forces will be completely tax-exempt.



🟢 Q19:
My uncle wants to start an agricultural company next year.
Will his company be taxed in Nigeria?

A19
NO.
Agricultural companies such as those in crop production, livestock, forestry, dairy, and cocoa processing will enjoy a 5-year tax holiday from the date they begin operation.



🟢 Q20
Is income from Federal or State Government bonds taxable?

A20
NO,
All government bonds are exempt from tax.



🟢 Q21
What does rent relief entail under the new tax law?

A21
YES.
From 2026, individuals can claim rent relief of 20% of the annual rent paid, but capped at ₦500,000.

For instance,
If your yearly rent is ₦5 million, 20% would be ₦1 million, but the law caps it at ₦500,000.

To enjoy this relief, you must declare your actual rent and provide the details to the relevant tax authority.



🟢 Q22
I earn 6m yearly, will I be better off under the new tax law?

A22:
Old law:

👉CRA = 20% of ₦6m (₦1.2m) + ₦200k = ₦1.4m.

👉Taxable income = ₦6m − ₦1.4m = ₦4.6m.

👉Applying old tax bands gives a total tax of ₦896,000.

👉New law (NTA 2025):
* Rent relief = ₦500k (must declare actual rent).

👉Taxable income = ₦6m − ₦500k = ₦5.5m.


👉Applying new bands:
* 👉First ₦800k @0% = 0

* 👉Next ₦2.2m @15% = ₦330k

* Remaining ₦2.5m @18% = ₦450k

* Under the new law, tax reduces from ₦896k to ₦780k, saving ₦116k.

* This will increase your net pay (take-home pay).



🟢 Q23
* If my company's turnover is below ₦50 million, will I pay tax?

A23
NO.
* Small companies with a turnover of less than ₦50m are exempt from taxes.



🟢 Q24
As a remote worker in Nigeria for an international organisation, will I pay tax?

A24
YES,
You will pay tax in Nigeria if the country where the international organisation is based exempts your salary under a treaty or diplomatic arrangement.



🟢 Q25
Will a foreigner earning a salary in Nigeria be taxed?

A25
NO,
if their employer is a start-up,
or operates in tech or creative arts, and their income is already taxed in their country of residence.

The question to you is, how does the government differentiate income from normal transactions for people who are not employed?

Or do you think anyone who is not employed will tell the government which one is income from just normal transaction?

So how does the government want to handle this?