The Nigeria Tax Act 2025: what changes for companies
Nigeria's tax laws have been consolidated and the administration reformed. This note sets out the changes boards should now be acting on.
The 2025 tax reform package consolidates Nigeria's main tax statutes into a single Nigeria Tax Act, alongside new legislation on tax administration and the revenue service.
For most companies, the immediate work is reviewing group structures, intercompany arrangements and incentive claims against the new rules, and updating compliance calendars.
Boards should ask management for a readiness plan that covers systems, contracts with gross-up and tax indemnity clauses, and the treatment of transactions currently in progress.
This publication is for general information only and is not legal advice. Please contact us for advice on your specific circumstances.