Nigeria's new tax laws take effect, reshaping levies on workers and firms
The Tax Act and companion laws that took effect on 1 January are consolidating overlapping levies and broadening the base, with direct implications for diaspora investors and remitters.
Nigeria’s overhaul of its revenue system — the Tax Act, Tax Administration Act and Revenue Service Establishment Act — came into full implementation from 1 January, aiming to eliminate overlapping corporate levies, broaden the tax base and curb the burden of multiple taxation. President Bola Tinubu has tied the reforms to a wider stabilisation story of a firmer naira and rising reserves, while urging states to adopt harmonised tax laws. For diaspora investors and remitters, the changes alter how income, business and consumption are charged across the federation.
Source: The State House, Abuja; Nigeria corporate-policy reporting (2026).