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WHAT THE NEW TAX LAW MEAN FOR SMALL BUSINESS
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Tags :CONSULTANT, LAWYERS, nigeria, REFORM, SMALL BUSINESS OWNER, SME, SMEDAN, tax, tax law, TAX LAWYERS, tax reform, taxationThe new Nigerian tax regime, primarily driven by the Nigeria Tax Act 2025 and the Nigeria Tax Administration Act 2025, officially took effect on January 1, 2026. For small businesses, the law introduces significant tax exemptions and simplified compliance, while strictly excluding professional service providers from these benefits. Key Tax Reliefs for Small Businesses A business qualifies for…
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NEW TAX LAW REFORM 2025
NEW TAX LAW REFORM 2025. Following extensive reforms signed into Law by President Bola Tinubu on June 26, 2025, the new tax reform is set to take effect on January 1, 2026.The reforms are aimed at streamlining the tax system, enhancing revenue generation,new measures for individuals , businesses and modernizing tax administration in Nigeria. The…
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