Abuja, Sept. 10, 2025 – The Federal Government has officially published the new four tax reform laws.
The bills were signed into law by President Bola Tinubu on June 26, 2025.
Kamorudeen Yusuf, the Personal Assistant on Special Duties to the President, announced this on Wednesday.
It said the new tax reform laws had made “a historic overhaul of the country’s fiscal framework.”
“These reforms aim to simplify Nigeria’s tax system, support small businesses, attract investment, and strengthen fiscal stability, aligning with President Tinubu’s Renewed Hope Agenda to diversify revenue away from oil,” the statement said.
The four new laws are the Nigeria Tax Act (NTA), 2025, Nigeria Tax Administration Act (NT AA), 2025, Nigeria Revenue Service (Establishment) Act (NRSEA), 2025, and the Joint Revenue Board (Establishment) Act (JRBEA), 2025.
Under these laws: “Small businesses with turnover under ₦100m and assets below ₦250m are exempted from corporate tax.
“Corporate tax rate for large firms may be cut from 30% to 25% at the President’s discretion.
“Top-up tax thresholds: ₦50bn (local firms) and €750m (multinationals).
“5% annual tax credit introduced for eligible priority-sector projects.
“Companies transacting in foreign currency may now pay taxes in naira at official exchange rates.”
