#smes

What Nigerians Can Expect from 50 New Tax Breaks Starting 2026

Starting January 1, 2026, Nigeria will implement 50 new tax exemptions and reliefs under sweeping fiscal reforms. These measures, signed into law by President Bola Tinubu, aim to reduce the tax burden on low-income earners, small businesses, and average taxpayers. The reforms span personal income tax, VAT, stamp duties, and capital gains tax, and are expected to boost economic activity and improve compliance.