Financial Tips & Insights

How to Know Your Tax Under the New 2026 Nigerian Tax Laws

Effective January 1, 2026, the Nigeria Tax Act 2025 fundamentally changes how individuals and companies pay tax. The old Consolidated Relief is gone, replaced by wider tax bands and a new rent relief deduction. This guide explains the 0% rate on your first ₦800k, the new progressive rates for salary earners, and the ₦50m turnover exemption for small businesses. Read this to calculate your exact liability under the new law.