Nigeria's New Tax Laws Explained

As of January 1, 2026, Nigeria’s fiscal landscape has completely changed. In this video, we break down the Nigeria Tax Act 2025 and what the new laws mean for your salary, your business, and your daily spending.From the renaming of the FIRS to the new Nigeria Revenue Service (NRS), to the controversial VAT derivation principle, we cover the "spicy" debates and the final compromises. Most importantly, we explain who the winners and losers are in this new era.The Nigerian Tax Reform Acts - PwC, accessed January 4, 2026, https://www.pwc.com/ng/en/publications/the-nigerian-tax-reform-acts.htmlUnderstanding the Tax Reform Bills – PLAC Legist - Policy and Legal Advocacy Centre, accessed January 4, 2026, https://placng.org/Legist/understanding-the-tax-reform-bills/Nigeria Tax Act, 2025 has been signed – highlights | EY - Global, accessed January 4, 2026, https://www.ey.com/en_gl/technical/tax-alerts/nigeria-tax-act-2025-has-been-signed-highlightsLCCI Economic Outlook_Tax Reform_Taiwo Oyedele, accessed January 4, 2026, https://www.lagoschamber.com/wp-content/uploads/2025/07/The-Implementation-of-the-New-Tax-Law-and-Impact-on-the-Economy_Taiwo-Oyedele.pdfOyedele backs governors' VAT revision, says 'reforms are journey, not a leap' - BusinessDay, accessed January 4, 2026, https://businessday.ng/news/article/oyedele-backs-governors-vat-revision-says-reforms-are-journey-not-a-leap/Nigeria and the IMF, accessed January 4, 2026, https://www.imf.org/en/countries/nga