nigeria tax act 2025

The Digest: With the March 31 deadline just hours away, taxpayers across Nigeria are reminded to file their personal income tax returns under the Nigeria Tax Act 2025. The law mandates every individual earning income in the country to file an annual return covering earnings from the previous...

The Digest: Nigerian banks will commence deducting a 10 percent withholding tax on interest earned from foreign currency deposits starting January 1, 2026, in line with new fiscal reforms. The policy, announced to customers by institutions such as Access Bank, expands the government’s revenue...

The Digest: With 11 days until Nigeria's new tax regime takes effect, the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has moved to calm public anxiety, clarifying that bank accounts will not be blocked from January 1, 2026, solely due to the lack of...