Tinubu Signs Four Tax Reform Laws

On June 26, 2025, President Tinubu signed four tax reform bills into law: the Nigeria Tax Act, Tax Administration Act, Revenue Service Act, and Joint Revenue Board Act. The laws repeal and consolidate major existing tax legislation into a unified framework effective January 1, 2026.

Key provisions include exempting small companies with turnover below ₦100 million from company income tax, retaining the 7.5% VAT rate with zero-rating on essential goods, and exempting anyone earning at or below ₦800,000 per year from personal income tax.