SmartTaxNaija

Business Plan Writer l Accountant I Digital Marketer l Entrepreneur l Tax Consultant l Financial Modeller

[SmartTaxNaija @olasuccess012]

@Gidi_Traffic Married people

[SmartTaxNaija @olasuccess012]

From 1 Jan 2026, the NTAA 2025 requires every individual to file an income tax return with or without a tax bill, and without notice.

Self-assessment, full income disclosure & proof of payment are now mandatory.

Compliance is no longer optional effective from January 2027.

[SmartTaxNaija @olasuccess012]

@vdmempire There are no taxes on non–income-related transactions. The responsibility is on individuals to maintain proper books and records, and the process is simpler than it may appear.

[SmartTaxNaija @olasuccess012]

@vdmempire Wisdom comes from understanding the new tax system, which helps dispel misinformation. Many people are still uninformed about how taxes work in Nigeria

[SmartTaxNaija @olasuccess012]

@iamtolufx Continue to speak negative words into your like.

[SmartTaxNaija @olasuccess012]

@kingtundeedunt Hi. I have been using the same phone number since I bought my first phone in 2004

[SmartTaxNaija @olasuccess012]

@themotunglobal HBD

[SmartTaxNaija @olasuccess012]

Electricity value chain
✔️ Electric vehicles & EV parts

This is more than tax relief — it’s economic strategy.

#NigeriaTaxAct2025 #VAT #TaxReform #BusinessGrowth #Agriculture #Healthcare

[SmartTaxNaija @olasuccess012]

Under Section 187 of the NTAA 2025, key goods & services are now VAT zero-rated (0%), meaning lower prices for consumers and input VAT recovery for businesses.

✔️ Food & agriculture
✔️ Healthcare & medical services
✔️ Education & tuition
✔️ Exports (non-oil)
✔️ #Exports #EVs

[SmartTaxNaija @olasuccess012]

@Beno10_MFC The color of the content in the cups are not same

[SmartTaxNaija @olasuccess012]

Overcharging VAT = penalties.
Missing exemptions = lost savings.

Know when VAT does not apply

[SmartTaxNaija @olasuccess012]

Not everything attracts VAT.

Under Nigeria’s tax law, items like baby products, humanitarian supplies, shared transport services, agricultural equipment, land & buildings, and government licences are VAT-exempt.

.

[SmartTaxNaija @olasuccess012]

@AramideOyekunle Yes

[SmartTaxNaija @olasuccess012]

If you earn, invest, trade, or run a business… this affects you. Stay compliant

[SmartTaxNaija @olasuccess012]

Understanding your true taxable income just got easier and stricter.
Section 28 of the Nigeria Tax Act 2025 now clearly outlines what counts as income, what you can deduct, and how losses (including digital asset losses) must be treated.

[SmartTaxNaija @olasuccess012]

Every taxable person must file a tax return in Nigeria even if no tax is due.
Under the NTAA 2025, individuals, businesses, employers, and even low-income earners are required to file. PAYE returns are due by 31 January yearly.
✅ Filing is now non-negotiable. #NigeriaTax2025

[SmartTaxNaija @olasuccess012]

Poor record-keeping is now a costly mistake.
Section 102 of the Nigeria Tax Administration Act 2025 imposes ₦10,000 on individuals and ₦50,000 on companies for failing to keep proper books. Compliance just got real. 📚⚖️ #NigeriaTax #TaxReform #SMECompliance

[SmartTaxNaija @olasuccess012]

Nigeria Tax Adm. Act 2025 now brings virtual assets fully into the tax net from crypto trading to mining, staking, airdrops, and VASP operations. Clear rules, strict KYC/AML, and mandatory reporting are here. If you’re in the virtual asset space, compliance is no longer optional.

[SmartTaxNaija @olasuccess012]

The Nigeria Tax Administration Act 2025 has redefined tax residency and it now determines who taxes you and where.

Your residence, your income source, and even your worksite now shape your tax obligations.
Clarity is here. Compliance is key.

#NigeriaTaxReform # #PIT #Tax

[SmartTaxNaija @olasuccess012]

@GodlyNations 2