MASTERING NIGERIA’S NEW TAX REFORM LAWS (2025)

Nigeria Tax Act (NTA)

Tax Framework and Structure

• Overview and Objectives of the Nigeria Tax Act
• Unified Tax Law Framework and Scope
• Taxpayer Classification, Obligations, and Rights Corporate Income Tax Provisions

Corporate Tax Structure and Applicable Rates

• SME Exemptions and Special Tax Regimes
• Development Levies and Regulatory Charges
• Global Minimum Tax and Controlled Foreign Company (CFC) Rules
• Investment Incentives and Tax Credits

Personal Income Tax Framework

• Taxable Income Categories and Reliefs
• Individual Compliance Obligations
• PAYE Administration and Reporting

Value Added Tax (VAT) Reforms

• VAT Structure and Registration Requirements
• Zero-Rated and Exempt Supplies
• Input VAT Recovery Rules
• Electronic Invoicing and Digital Compliance
• VAT Filing and Reporting Standards

Nigeria Tax Administration Act

Tax Administration Framework

• Objectives and Scope of the Tax Administration Act
• Standardized Administration Processes
• Taxpayer Registration Systems
• Filing, Reporting, and Documentation Standards

• Electronic Filing and Reporting Platforms
• Digital Taxpayer Identification Systems
• Automated Compliance Monitoring
• Electronic Records Management

Compliance and Enforcement

• Tax Audit and Investigation Procedures
• Enforcement Powers of Tax Authorities
• Penalties and Sanctions Framework
• Compliance Risk Assessment and Management

Taxpayer Protection and Dispute Resolution

• Taxpayer Rights and Due Process
• Administrative Review Procedures
• Objection and Appeal Mechanisms
• Settlement and Alternative Dispute Resolution

Nigeria Revenue Service (Establishment) Act

Institutional Framework of the NRS

• Establishment, Mandate, and Legal Authority of the NRS
• Transition from Legacy Revenue Authorities
• Jurisdiction and Governance Structure
• Board Responsibilities and Oversight

Operational Responsibilities

• National Tax and Non-Tax Revenue Collection
• Compliance Monitoring and Enforcement
• Revenue Reporting and Accountability Systems

Technology and Digital Operations

• Electronic Tax Monitoring and Reporting Systems
• Data Analytics for Tax Administration
• Digital Compliance Tools and Integrated Platforms

Corporate Engagement with NRS

• Taxpayer Registration and Reporting Obligations
• Filing and Documentation Procedures
• Audit Engagement and Compliance Communication

Joint Revenue Board (Establishment) Act

Revenue Coordination Framework

• Establishment and Purpose of the Joint Revenue Board
• Intergovernmental Revenue Coordination
• Harmonization of Tax Administration Policies
• National Tax Governance Structure