The Categorical Exclusion of Professional Service Providers from “Small Company” Status Under Section 202 of the Nigeria Tax Act, 2025: Legal Implications, Structural Dilemmas, and Strategic Responses 1. Introduction The enactment of the Nigeria Tax Act, 2025 (the “Act”) represents a transformative shift in the nation’s fiscal architecture. Among its most consequential reforms is the […]

Glossary of Key Terms: Nigerian Tax Reform Act (NTA 2025) Guide Glossary of Key Terms: Nigerian Tax Reform Act (NTA 2025) Guide Glossary of Key Terms under the Nigerian Tax Reform Act: A Guide for Tax Practitioners and Taxpayers Quick Navigation A B C D E F G H I L M N O P […]

  A Comprehensive Guide to Capital Taxation under the Nigeria Tax Act 2025 Imagine this: You purchase a rare, vintage comic book for ₦5,000. A few years later, a collector offers you ₦50,000 for it, and you sell. The ₦45,000 profit you made is a “gain”. In the world of tax, certain gains like this […]

Glossary of Key Terms: Nigeria Tax Act 2025 Demystifying Nigerian Tax Law for Beginners and Professionals. 1.0 Introduction: Making Tax Terms Simple Welcome to this guide on Nigerian tax terminology. Understanding tax law can often feel like learning a new language, filled with specialized words and complex phrases. This document is a simple glossary designed […]

  Under the Nigeria Tax Act 2025 1.0 Introduction: Understanding the VAT Framework in the 2025 Act The Nigeria Tax Act 2025 represents a significant and comprehensive update to the nation’s fiscal landscape. For corporate tax departments, mastering the nuances of the new Value Added Tax (VAT) regime is of strategic importance. A thorough understanding […]