Understanding Nigeria’s New Tax Law and How the 2026 Calculations Work
Nigeria enacted a comprehensive tax reform that will reshape how individuals and companies compute tax from 2026 onwards. The reform restructures personal tax bands and rates, introduces a consolidated development levy, aligns corporate rules with the global minimum tax framework and creates clear rules for small businesses and capital gains. This article explains the key parts of the reform in plain language and then walks step by step through the exact calculations you will need to perform when preparing taxes under the new rules. I use simple analogies so the ideas are easy to remember and I include examples with numbers so you can see the math in action.
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