EXPOUNDING THE SALIENT PROVISIONS OF THE NEW TAX REGIME IN NIGERIA

Abstract

The 2025 Nigerian tax reform which has taken effect from January, 2026, constitutes a major overhaul, introducing the Nigeria Tax Act, Tax Administration Act, and new, specialized revenue services to modernize the fiscal framework, simply compliance, and then boost revenue. Thus, the reform aims to enhance efficiency, reduce the tax burden on low-income earners, and therefore align with global standards. In that light, the paper is thus an academic contribution to examine the salient provisions of the new tax regime in Nigeria, and to determine to what extent the taxing authorities are posed to actualize the missions of the newly unveiled tax regime. To carry out the above investigation, the use of doctrinal legal approach, analyzing legislation, case law, constitutional clauses and academic literature were synthesized. It was the findings of the study, among others, that there were some yawning gaps in the enabling legislation that ushered in the new tax regime. To stem the tide, the study advocates an urgent review through proactive legislation, among others.