๐ฃ Nigeria Tax Act 2025 Explained โ No Panic, Just Facts! ๐ณ๐ฌ๐ก
Many people are worried about the Nigeria Tax Act 2025, but letโs clear the airโฆ ๐ค๐ฅ
โ๏ธ Not all money is taxable.
Only real income, profits, and gains are taxed โ not refunds or reimbursements.
โ๏ธ Tax is not charged on every transfer.
Only taxable supplies attract VAT โ regular bank transfers donโt automatically mean tax.
โ๏ธ Words in your bank description do NOT decide tax.
Calling money a โsupportโ or โrefundโ doesnโt change the law.
โ๏ธ Some payments are not taxable:
๐ Gifts
๐ค Loans
๐ฐ Capital injections
๐ Transfers between your own accounts
โ๏ธ Savings already in your account stay safe.
Only new income is taxed.
โ๏ธ Small businesses under the threshold remain exempt.
Professionals donโt get this exemption.
โ๏ธ Gaming wins are exempt โ but commissions are taxable.
โ๏ธ Digital asset profits are taxable.
โ๏ธ Corporate tax rates were reduced โ not increased.
โ๏ธ Low-income earners are protected.
If you earn โฆ800,000 or less, you pay no tax.
๐ The Nigeria Tax Act 2025 is about clarityโฆ fairnessโฆ and balance.
Know the factsโฆ not the fear. ๐ช๐ ๏ฟฝ
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Letโs stay informed and smart! ๐ง ๐
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Emiabata Lawal & Co., Chartered Accountants
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30/12/2025
Frequently Asked Questions (FAQs) on the transition from the Federal Inland Revenue Service (FIRS) to the Nigeria Revenue Service (NRS) Continuation ๐
28/12/2025
Do you know.?
4 Days until the implementation of the new Tax Laws.
Know your Tax Laws. ๐โณ
28/12/2025
New Tax Law | January 2026
The new Tax Law begins January 2026.
Question 2 focuses on PAYE (Pay As You Earn) under Personal Income Tax.
The answer is explained with a simple real-life example for easy understanding.
Please read the attached image.
๐ฑ WhatsApp: +234 706 573 0001
๐ต Do not call.
Emiabata Lawal Ramon
TaxAct
27/12/2025
New Tax Law Effective January 2026
The new Tax Law will take effect from January 2026.
Question 1:
Please send your questions only via WhatsApp.
The first question is on residency under Personal Income Tax.
The answer will be explained using a simple real-life scenario to make it easy to understand.
Kindly read the attached image for more details.
๐ฑ WhatsApp: +234 706 573 0001
๐ต Please do not call.
TIN (Tax Identification Number).
Donโt have an Individual TIN (Tax Identification Number) yet?
You can register by yourself easilyโฆ just follow the simple steps on the portal below:
24/12/2025
Have questions about the Nigeria Tax Act or any allied tax matters?
Send your questions via WhatsApp message only.
๐ฑ +234 706 573 0001
No calls, please.
06/01/2025
Book Review
How to Deal With Idiots (and Stop Being One Yourself) by Maxime Rovere.
Rovere delivers deep insights in a lighthearted tone, making it a must-read for anyone seeking better relationships and a calmer life. ๐๐
Summary Review of How to Deal With Idiots (and Stop Being One Yourself) by Maxime Rovere:
This book is a witty and insightful guide that explores how to navigate the frustrations of dealing with difficult people while also reflecting on your own behaviour. ๐ถโโ๏ธ๐ง It blends philosophy, humour, and practical advice, offering tools to handle "idiots" with empathy and intelligence instead of anger. ๐ค๐ก
Key points:
1. Understand Others' Perspectives: Learn to see the world through their eyes, no matter how absurd their actions may seem. ๐๐คทโโ๏ธ
2. Stay Calm and Composed: Avoid being dragged into their chaos by maintaining your own peace of mind. ๐งโโ๏ธ๐๏ธ
3. Self-Reflection: Recognise your own flaws and work on not being the "idiot" in someone else's story. ๐๐ค
4. Compassion and Patience: Practice kindness, even when it's tough, as it benefits both parties. โค๏ธ๐
5. Practical Strategies: Concrete steps to defuse tension and create better interactions. ๐ ๏ธ๐
Rovere delivers deep insights in a lighthearted tone, making it a must-read for anyone seeking better relationships and a calmer life. ๐๐
Emiabata Lawal Ramon
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