Legal Practitioner| Company Secretary of Alliance & General Insurance Plc| Designated Compliance Professional (CIN)|Associate, Chartered Tax (ACTI)๐ฉ๐ปโโ
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
๐๐น๐ฆ๐ฎ๐ฑ๐ต๐ช๐ฐ๏ฟฝ๏ฟฝ 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
God, please make me visible to the people who will take my life to the next level, business wise, work wise, make me cross paths with the people that will contribute positively to myself development๐๐
NBA Lagos invites lawyers, academics & justice-sector stakeholders to submit memoranda on the proposed Legal Practitioners Bill 2025.
๐ฉ Send to: [email protected]
๐ Bill: https://t.co/m7T7bUrwUI
โฐ Deadline: 12PM, Jan 18.
Nestlรฉ has recalled these baby products.
So before you mix that next bottle for your baby, read this thread carefully as it concerns their well being.
If you feed your baby NAN, SMA, or Alfamino, a toxic bacteria has been found in some batches. And you might have it in your house right now.
You see, Nestlรฉ has issued a massive global recall for several baby formulas (products in the image above) because they found a toxin called Cereulide (from Bacillus cereus bacteria) in some batches.
This toxin causes severe nausea and vomiting in babies. And the scary part is that boiling water does NOT kill it. The toxin is heat-resistant. So even if you prepare the formula correctly, if the powder itself is contaminated, your baby is at risk.
Now, NAFDAC has not released a specific alert for Nigeria yet. BUT our markets are porous. And people import โUK SMAโ and โImported NANโ every single day. So if you buy your formula from supermarkets that stock imported goods, or you bought it abroad, you need to check the last stock to see if your tin look like any of those products.
If yes, go to Nestleโs UK Website (SMA & Alfamino) and Nestleโs MENA Website (NAN) to verify if your batch does not fall under the recalled ones.
If your batch code matches the ones on that list, please DO NOT USE IT.
And please, don't keep this information to yourself.
If you have a friend, sister, or neighbor who uses SMA, NAN, or Alfamino, retweet this or send this to them NOW.
You might be saving a baby from poisoning today.
Almighty. Keep reminding us that You can heal us in a moment. You can forgive in an instant. You can make the impossible a reality. May we always be grateful for everything Youโve bestowed on us. Aameen.
House of Representatives, National Assembly
Office of the House Spokesman
PRESS STATEMENT
For Immediate Release
Speaker Abbas Leads Transparency Drive as House Releases Four Tax Acts for Public Records
*Abuja, FCT | Saturday, January 3, 2026* โ The House of Representatives, under the leadership of the Speaker, Rt. Hon. Abbas Tajudeen, Ph.D., GCON, has released the four tax reform Acts duly signed into law by His Excellency, Bola Ahmed Tinubu, GCFR, President and Commander-in-Chief of the Armed Forces, Federal Republic of Nigeria, to Nigerians for public record, verification, and reference.
Speaker Abbas, in concert with the Senate President, H.E. Senator Godswill Akpabio, GCON, directed the immediate release of the Certified True Copies (CTCs) of the Acts, including the endorsement and assent pages signed by the President, following public concerns and allegations regarding purported alterations and the circulation of unauthorised and misleading versions of the laws. This decisive intervention underscores Speaker Abbasโ long-standing commitment to transparency, legislative integrity, and public confidence in the law-making process.
Indeed, the attention of the House was drawn to the existence of inconsistent versions of the tax laws in circulation after a vigilant Honourable Member identified discrepancies, raised the alarm, and formally reported the matter to the House on a point of privilege. Acting promptly, the Speaker ordered an internal verification and the immediate public release of the certified Acts to eliminate doubt, restore clarity, and protect the sanctity of the legislative record.
From the initiation of the tax reform process through extensive stakeholder consultations, committee scrutiny, rigorous clause-by-clause consideration, robust plenary debates, and eventual passage, Speaker Abbas has provided firm and steady leadership to ensure that the reforms were evidence-based, inclusive, and aligned with Nigeriaโs fiscal realities and development priorities. Throughout the process, Speaker Abbas consistently emphasised that tax reform must be anchored on clarity, fairness, and strict adherence to constitutional and parliamentary procedure.
The four Acts released are:
โข The Nigeria Tax Act, 2025
โข The Nigeria Tax Administration Act, 2025
โข The National Revenue Service (Establishment) Act, 2025
โข The Joint Revenue Board (Establishment) Act, 2025
These landmark legislations constitute the backbone of Nigeriaโs contemporary tax reform architecture, designed to modernise revenue administration, improve compliance, reduce inefficiencies, eliminate duplications, and strengthen fiscal coordination across the federation.
In directing the release of the certified Acts, Speaker Abbas reassured Nigerians that the National Assembly remains an institution of records, guided by clearly defined rules, precedents, archival systems, and verification processes that safeguard the authenticity of every law enacted.
According to him:
โThe National Assembly is an institution built on records, procedure, and institutional memory. Every Bill, every amendment, and every Act follows a traceable constitutional and parliamentary pathway. Once a law is passed and assented to, its integrity is preserved through certification and custody by the legislature. There is no ambiguity about what constitutes the law.โ
Speaker Abbas further emphasised that the House would remain vigilant and proactive in defending the integrity of its work, clarifying that the only authentic and authoritative versions of the four tax Acts are those certified and released by the National Assembly.
Members of the public, institutions, professionals, and stakeholders are therefore advised to disregard and discountenance any other documents or versions in circulation that are not certified by the National Assembly, as such materials do not form part of the official legislative record.
Consequently, the Clerk to the National Assembly has concluded the process of aligning the Acts - duly passed, assented to, and certified - with the Federal Government Printing Press to ensure accuracy, conformity, and uniformity. Hard copies of the certified tax Acts have also been produced and are being circulated to all Honourable Members and Distinguished Senators, and made available to the public, to ensure institutional clarity, uniform reference, and legislative certainty.
The House affirms that the work of the Ad-Hoc Committee, chaired by Rt. Hon. Muktar Aliyu Betara, OON, continues, in line with its mandate, to determine the circumstances surrounding the circulation of unauthorised versions of the tax Acts and to recommend measures that will prevent a recurrence and preserve the authenticity and reliability of parliamentary records.
The House of Representatives, under the leadership of Rt. Hon. Abbas Tajudeen, Ph.D., GCON, reaffirms its unwavering commitment to constitutionalism, the rule of law, transparency, and accountable governance. The House will continue to strengthen internal controls, uphold institutional discipline, and protect the integrity of Nigeriaโs legislative process in the collective interest of the Nigerian people.
Signed:
Rep. Akintunde Rotimi, mnipr
Spokesman, House of Representatives
Gazetted Tax Acts
https://t.co/jDwYmH1Qq0
Yฤ Allฤh, I place my worries in Your care. What weighs on my heart is light for You. Carry what I cannot and grant me relief that brings calm to my soul.
WHAT IS YOUR BODY TRYING TO TELL YOU?
(1) A DARK LINE ON YOUR NAIL:
New? Changing? Widening? Get it checked.
(2) YOUR VOICE WONโT CLEAR:
Hoarse for 2+ weeks? Not just โstrain.โ Needs review.
(3) SUDDEN BIG TOE PAIN:
Severe. Often at night. Think gout. See Doctor.
(4) YAWNING ALL DAY:
Even after โenoughโ sleep? Sleep quality may be suffering.
(5) DOUBLE VISION:
Sudden? Unexpected? Urgent. Always.
(6) NIGHT LEG CRAMPS:
Severe or one-sided? Red or swollen leg? Seek help.
(7) LUMP ABOVE THE COLLARBONE:
New. Hard. Growing. Get it checked.