๐๐๐ฑ ๐๐๐๐จ๐ซ๐ฆ ๐๐ฆ๐ฉ๐ฅ๐๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ง๐ ๐๐ ๐๐ฆ๐๐ง๐ญ ๐ฐ๐ข๐ญ๐ก ๐๐ ๐๐ง๐ ๐๐๐ฒ๐ซ๐จ๐ฅ๐ฅ ๐๐ซ๐จ๐๐๐ฌ๐ฌ๐ข๐จ๐ง๐๐ฅ๐ฌ
We recently hosted an engagement sesion on the implementation of the Tax Reform Acts for HR, Payroll, CFOs and Tax Managers, in collaboration with the Joint Revenue Board (JRB).
We thank the nearly 15,000 people that registered for the session. For those who could not join us live due to the virtual webinar capacity limitation, we have provided the full session recording below.
๐๐๐ฒ ๐๐๐ฌ๐ฌ๐ข๐จ๐ง ๐๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ
๐๐น๐ฆ๐ฎ๐ฑ๐ต๐ช๐ฐ๐ฏ ๐ง๐ฐ๐ณ ๐ฎ๐ข๐ฏ๐บ ๐ธ๐ฐ๐ณ๐ฌ๐ฆ๐ณ๐ด: The new laws protect low-income earners with automatic exemption for anyone earning the national minimum wage or less. Where deductible contributions and rent relief are taken into account, employees earning up to โฆ100,000 per month may also see their tax liability drop to zero.
๐๐ช๐ด๐ค๐ข๐ญ ๐ง๐ฆ๐ฅ๐ฆ๐ณ๐ข๐ญ๐ช๐ด๐ฎ: Personal Income Tax remains payable to the relevant State Internal Revenue Services (SIRS), not the NRS. All revenue agencies will work together under the Joint Revenue Board to ensure a harmonised and seamless experience for taxpayers.
๐๐ข๐ณ๐ต๐ฏ๐ฆ๐ณ๐ด๐ฉ๐ช๐ฑ ๐๐ฏ๐ค๐ฐ๐ฎ๐ฆ: Taxes for individuals in a partnership are payable to each partnerโs state of residence.
๐๐ฐ๐ฎ๐ฑ๐ฆ๐ต๐ช๐ต๐ช๐ท๐ฆ ๐ณ๐ฆ๐ฎ๐ฐ๐ต๐ฆ ๐ธ๐ฐ๐ณ๐ฌ ๐ต๐ข๐น ๐ณ๐ฆ๐จ๐ช๐ฎ๐ฆ: Nigeria is now more competitive for global talent. Foreign employers are no longer deemed taxable in Nigeria solely because they have employees working remotely in the country.
๐๐ฉ๐๐ซ๐๐ญ๐ข๐จ๐ง๐๐ฅ๐ข๐ฌ๐ข๐ง๐ ๐ญ๐ก๐ ๐๐๐ฐ ๐๐๐๐ ๐๐จ๐ฆ๐ฉ๐ฎ๐ญ๐๐ญ๐ข๐จ๐ง
To ensure that individuals benefit from the pro-workers provisions of the new tax laws, payroll managers are encouraged to follow the process below:
Step 1 - Start with gross income
Step 2 - Add benefits-in-kind (if applicable)
Step 3 - Grant reliefs for pension, NHIS, NHF etc
Step 4 - Apply rent relief (20% of actual rent paid capped at โฆ500,000)
Step 5 - Exempt the first โฆ800,000 (taxed at 0%) and apply progressive rates thereafter.
While the top marginal rate is 25%, the effective rate is much lower due to these deductions.
๐๐ฆ๐ฉ๐จ๐ซ๐ญ๐๐ง๐ญ ๐๐ข๐ฅ๐ข๐ง๐ ๐๐๐๐๐ฅ๐ข๐ง๐๐ฌ:
- Employer annual returns: Due by 31 January each year, covering employeesโ emoluments and tax deductions.
- Individual self-assessment return: To be filed by every taxable individuals including employees not later than 31 March covering all income sources.
- Tax incentives return: A new requirement for beneficiaries of specific tax incentives.
Watch the full recording here: https://t.co/d705ZQiJxL
#TaxReformNG #PayrollManagement #TaxReliefs
We are pleased to note the feedback from workers who have received their salaries for January 2026 and confirmed a reduction in their PAYE tax resulting in higher take home pay under the new tax laws.
To ensure that relevant individuals charged with the responsibility to implement these changes for the benefit of employees in their organisations are well informed, the Presidential Fiscal Policy and Tax Reforms Committee is hosting a session for the key stakeholders in collaboration with the Joint Revenue Board.
๐๐๐ฑ ๐๐๐๐จ๐ซ๐ฆ ๐๐ฆ๐ฉ๐ฅ๐๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐๐ฌ๐ฌ๐ข๐จ๐ง ๐๐จ๐ซ ๐๐, ๐๐๐ฒ๐ซ๐จ๐ฅ๐ฅ ๐๐ง๐ ๐๐๐ฑ ๐๐๐ง๐๐ ๐๐ซ๐ฌ
You are invited to register for an engagement session with the Joint Revenue Board and the Presidential Fiscal Policy & Tax Reforms Committee.
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๐๐๐ซ๐ ๐๐ญ ๐๐ฎ๐๐ข๐๐ง๐๐:
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HR Directors, Payroll Managers, Chief Financial Officers, Tax Managers and Other Senior Executives responsible for the management of employee compensation and payroll tax compliance.
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When:ย Wednesday Jan 28, 2026
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Time:ย 3:00 PM Nigerian Time
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Topic:ย ย Personal Income Tax Compliance Under the New Tax Reform Acts
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Register in advance for this webinar:
https://t.co/ufC2WxB41s
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After registering, you will receive a confirmation email containing information about joining the webinar.
#FiscalReforms #TaxBenefits #KnowledgeIsPower
Keys Responsible For Accessing Greater Levels of Glory
1. Greater Yieldedness and Surrender (Proverbs 25:4): The more yielded you are, and the deeper your level of surrender is, the greater the measure of Godโs weightier glory you will carry.
2. Greater Light (Genesis 1:16; 1 Corinthians 8:2; Isaiah 60:1; Matthew 4:16; Ephesians 3:8-9): Pressing for higher levels of spiritual illumination is essential. Light reveals, makes manifest, and opens doors to divine understanding.
3. Humility (Proverbs 29:23; 1 Peter 5:6; James 4:6): Humility is a deliberate act that is sponsored by a superior revelation. It is distinct from mere simplicity; it is a spiritual strength that positions you for greater glory.
#ApostleJoshuaSelman
#AnotherMeasure
#ACryForGreaterGlory
#KoinoniaAbuja
#KoinoniaZaria
#KoinoniaGlobal
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Here is one possible explanation to why many Nigerians move abroad and their relationships and marriages collapse.
Interesting view- what do you guys think?
@HerbalistChief
Chief,
Good job sir.
Do you have any counsel for Auto Immune Disease (Bethcet disease particularly). Orthodox medications have not helped much..
@ISC2 Congratulations ๐
You deserved more.
Thank you for the opportunity you gave to us.
Off topic,
I passed my CC exam in May 2024, but I have not been able to pay for the Certificate and the AMF due to exchange rate concerns (I'm from Nigeria).
How long more do I have Pls?
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