Nigeria’s New Tax Act 2025: Individual Tax Rates Explained | Russell Eastaugh | Ep 2
Автор: Regan van Rooy
Загружено: 2025-08-20
Просмотров: 28
The Nigerian Tax Act and Tax Administration Act 2025 have introduced major changes to how individuals are taxed. In this episode, Russell Eastaugh, Head of African Tax Advisory at Regan van Rooy, breaks down what these updates mean for individual taxpayers, high earners, and everyday Nigerians.
Here are some key highlights:
Individual Tax Changes: The first NGN 800,000 of annual earnings is tax-free, while a new 25% top rate now applies for income above NGN 50 million.
Capital Gains Reliefs: Sales of a person’s principal private residence are now exempt from tax (once per lifetime).
Rent Reliefs: Individuals can now claim 20% of rent paid for their residence (up to NGN 500,000 per year).
In the next episode, Russell will unpack what counts as a Nigerian company for tax purposes - a key change businesses must understand.
👉 Watch the full series on our channel, and read the complete article on our website: https://reganvanrooy.com/nigerian-tax...
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