The Act seeks to streamline Nigeria’s tax system by cutting the number of taxes to a single-digit range, improving revenue generation, simplifying compliance, and reducing regional disparities in tax administration.
It eliminates nuisance taxes that generate little revenue but burden small businesses and
Brace for fiscal shockwaves! Nigeria’s 2026 tax reform, anchored by four sweeping Acts, slashes corporate rates, exempts small businesses from key taxes, and mandates Tax Identification Numbers (TINs) for nearly all financial activities.
The Act seeks to streamline Nigeria’s tax system by cutting the number of taxes to a single-digit range, improving revenue generation, simplifying compliance, and reducing regional disparities in tax administration.
It eliminates nuisance taxes that generate little revenue but burden small businesses and