At Norebase, we help businesses start, scale, and operate across Africa. That’s why we’re excited about the Nigeria’s 2025 Tax Reform recently signed by President Bola Tinubu. Together, they mark a bold step forward in how taxes are collected, harmonized, and enforced in Nigeria.
This is more than just tax reform, it’s a business transformation.Simpler Taxes. Smarter Systems. A Better Business Environment.
What’s in the Nigeria’s 2025 Tax Reform ?
1. Nigeria Tax Act (NTA) 2025
- The number of federal taxes is being reduced to a manageable single-digit list.
- Many confusing, overlapping levies are either being merged or scrapped.
- This overhaul clears space for businesses to focus on what matters: growth.
2. Nigeria Tax Administration Act (NTAA) 2025
- Sets clear standards for tax processes across federal, state, and local levels.
Promotes national consistency so whether you’re operating in Lagos, Abuja, or Enugu, the tax experience feels aligned.
3. Nigeria Revenue Service Act (NRSA) 2025
- The Federal Inland Revenue Service (FIRS) is being replaced by the Nigeria Revenue Service (NRS).
- This new agency will be autonomous, digital-first, and built for efficiency.
- Expect faster processing, fewer manual errors, and more accountability.
4. Joint Revenue Board Act (JRBA) 2025
- A single Joint Revenue Board will now coordinate tax policy across all tiers of government.
The existing Tax Appeal Tribunal is strengthened, and a new Tax Ombudsman has been introduced—creating a fairer path for resolving disputes.
Why Nigeria’s 2025 Tax Reform Matters to Your Business
Simplified Compliance
With fewer and clearer taxes, you’ll spend less time decoding the system and more time running your business.
Lower Tax Burden for Many
SMEs with turnover under ₦100 million (and assets under ₦250 million) will remain exempt from Companies Income Tax.
The headline CIT rate drops from 30% → 27.5% in 2025 → 25% in 2026, according to the reform package awaiting gazette detail.
A Tech-Driven Tax System
The NRS is built to be digital-first, bringing speed, transparency, and structure to what used to be a paper-heavy process.
A More Business-Friendly Nigeria
Unified tax laws and stronger institutions are a win for both local entrepreneurs and international investors.
What Should You Do Now?
- Prepare your finance team: Reforms take effect no earlier than January 1, 2026. Use this window to get ready.
- Review your tax strategy: Some levies will disappear, others will be restructured.
Think expansion: Less regulatory friction means a clearer path for scaling, domestically or across borders.
Our Take at Norebase
These reforms are a long-awaited shift in Nigeria’s business environment. They reward compliance, reduce friction, and create new possibilities for growth. Whether you’re running a startup, scaling an SME, or operating across multiple markets, this new tax structure sets the stage for better outcomes.
If you’re building in Africa, this kind of reform changes everything. And we’re here to help you navigate it.
Start, scale, and expand confidently with Norebase.
👉 www.norebase.com
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