Sunny Sparks

[Sunny Sparks @sunny_simonson]

You drive Bolt. You sell on Instagram. You run a market stall.
You earn commission on every deal you close.
Nigeria's 2026 tax law applies to every single one of those.
Here's what you actually need to know. 🧵

[Revolutionary Youth! @torty_mercy]

If this is your position, say hi and retweet.

[Sunny Sparks @sunny_simonson]

Quarterly filing deadlines for self-employed and gig earners:
→ March 31
→ June 30
→ September 30
→ December 31
The State IRS doesn't send reminders.
Missing a deadline = ₦100,000 first-month penalty.

[Sunny Sparks @sunny_simonson]

You drive Bolt. You sell on Instagram. You run a market stall.
You earn commission on every deal you close.
Nigeria's 2026 tax law applies to every single one of those.
Here's what you actually need to know. 🧵

[Sunny Sparks @sunny_simonson]

Here's the good news:
Your first ₦800,000 a year is completely tax-free.
That's ₦66,667/month before a single naira of tax kicks in.
If you earn below that — you owe nothing.
If you earn above it — you need to know your number.

[Sunny Sparks @sunny_simonson]

The penalty for late filing under NTA 2025:
₦25,000 for the first month.
₦5,000 for every month after that.
Not knowing doesn't exempt you. The NRS doesn't send reminders.

[Sunny Sparks @sunny_simonson]

A lot of Nigerian landlords believe their rent income is invisible to the government.
Under the Nigeria Tax Act 2025, that's no longer a safe assumption.
Here's what landlords actually owe in 2026. 🧵

[Sunny Sparks @sunny_simonson]

Now here's the part most landlords miss — there's a relief in the new law.
If YOU are paying rent on the property where you live
(not a property you own — where you actually sleep) —
You can deduct 20% of your annual rent from your taxable income.
Maximum deduction: ₦500,000

[Sunny Sparks @sunny_simonson]

I put all of this into a free one-page reference card.
2026 Nigeria Tax Bands Cheat Sheet.
All 6 bands. Monthly equivalents. Effective rate explained.
Free. No catch.

[Sunny Sparks @sunny_simonson]

Nigeria changed the tax bands in 2026.
Most people are still using the wrong numbers in their heads.
Here's what's correct right now. 🧵

[Sunny Sparks @sunny_simonson]

Here's the part that changes everything:
These percentages don't apply to your whole income.
They apply in layers.
Earning ₦3M/year?
→ ₦0 tax on the first ₦800K
→ 15% on only the remaining ₦2.2M
Your effective rate = ~8%. Not 15%.
That gap is real money.

[Sunny Sparks @sunny_simonson]

@Amelia558rs I do need money

[Sunny Sparks @sunny_simonson]

Are you self-employed in Nigeria?

Drop your income type below — consulting, design, catering, tutoring, whatever it is.

Let's see who's above the tax-free threshold and who isn't 👇

[Sunny Sparks @sunny_simonson]

"I work for myself so I don't pay tax."

This sentence is costing Nigerian freelancers and self-employed people serious money in 2026.

A thread 🧵

[Sunny Sparks @sunny_simonson]

No employer has been calculating your tax for you. That means you either know your numbers - or you're flying. 60 seconds fixes that.

👇 https://t.co/gvo3VXodMb

#nigeriatax #selfemployednigeria #nigeriatax2026 #NTAct2025

[Sunny Sparks @sunny_simonson]

The part that should concern you most:

The NRS is expanding digital income tracking.

Bank transfers.
POS receipts.
Mobile money.

Your income is already visible.

"Nobody knows about my informal income" is no longer true.