Understanding the Nigeria Tax Act 2025

The Nigeria Tax Act 2025 represents a significant shift in the country's fiscal landscape. Whether you're a freelancer, a small business owner, or managing a large corporation, these changes will affect your bottom line.

Key Changes for Individuals

One of the most notable changes is the introduction of the ₦800k tax-free threshold. This means individuals earning below this amount annually are exempt from Personal Income Tax (PIT).

For Small Businesses

Small businesses with an annual turnover below ₦50 million now enjoy a 0% Company Income Tax (CIT) rate, provided they comply with certain reporting requirements.

How Tax1 Helps

Tax1 is designed specifically to handle these new rules. From automatic ₦800k exemption logic to detailed P&L reports, we've got you covered.