Nigeria: MoF cuts late tax payment interest rates from October 2026
Nigeria’s Federal Ministry of Finance has introduced new rules for calculating interest on unpaid taxes, linking the cost directly to market rates on 24 September 2026, according to an X post. The Nigeria Tax Administration (Interest on Late
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Angola, Nigeria begin income tax treaty negotiations
Angola and Nigeria began negotiations on 22 September in Abuja on an income tax treaty, aimed at attracting investment and strengthening trade ties. The talks focused on tax rates covering industrial, property and income taxes, based on the
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Nigeria introduces new deep offshore tax incentive framework to attract USD 50 billion investment
The Nigerian State House has announced that President Bola Ahmed Tinubu approved a new deep offshore investment framework on 11 August 2026. The reform seeks to attract up to USD 50 billion in new investment into Nigeria’s oil and gas sector by
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Nigeria: NRS issues new guidelines on capital gains taxation, VAT refund claims
The Nigeria Revenue Service (NRS) has published three new guidelines dated 29 June 2026, incorporating changes introduced by the Nigeria Tax Act (NTA) 2025 and the Nigeria Tax Administration Act (NTAA) 2025, both of which took effect on 1 January
See MoreNigeria launches application guidelines for tax credit on priority sector investments
The Nigerian Investment Promotion Commission has published the Application Guidelines for the Economic Development Tax Incentive (EDTI). The EDTI serves as a comprehensive guide for companies seeking to leverage tax credits for priority
See MoreNigeria: NRS issues virtual asset tax framework, establishes income tax, VAT, and stamp duty obligations
The Nigeria Revenue Service (NRS) established a comprehensive framework in 2026 to regulate the taxation of virtual assets (VAs), including cryptocurrencies, stablecoins, and NFTs, through Guidelines on the Taxation of Virtual Assets ( Information
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Nigeria begins e-invoicing compliance monitoring ahead of July deadline
The Nigeria Revenue Service (NRS) has commenced compliance monitoring for large taxpayers under the National E-Invoicing & Electronic Fiscal System (EFS) regime, reminding in-scope taxpayers of the Public Notice issued on 17 February 2026
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Nigeria, Portugal negotiating income tax treaty
Nigeria's Federal Ministry of Information and National Orientation announced on 17 July 2026 that officials from Nigeria and Portugal discussed bilateral relations, including progress toward concluding an income tax treaty, during the EurAfrican
See MoreNigeria introduces green tax on imported vehicles as duty cuts take effect
Nigeria introduced a green tax surcharge on imported vehicles under its 2026 Fiscal Policy Measures, effective 1 July 2026. The Green Tax Surcharge imposes a 2% to 4% levy on imported high-engine vehicles. Collected by the Nigeria Customs
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Hong Kong, Nigeria sign income tax treaty
Hong Kong’s government has announced that Hong Kong and Nigeria signed an income tax treaty on 13 July 2026, marking Hong Kong's 59th CDTA and fourth in 2026. The treaty allocates taxing rights between the two jurisdictions and reduces
See MoreNigeria rolls out presumptive tax regime for informal sector, bans cash and roadblock collection
Nigeria's Joint Revenue Board published the Presumptive Tax Regulations, 2026, which were originally issued in the Official Gazette on 13 May 2026 and took effect from 1 January 2026. The Nigeria Presumptive Tax Regulations, 2026, serve as a
See MoreNigeria: Tariff reforms, green tax framework enter into force
Nigeria's federal government has unveiled sweeping tariff restructuring and environmental tax measures set to commence on 1 July 2026, according to the 2026 Fiscal Policy Measures (FPM) circular issued by Minister of Finance Wale Edun. The
See MoreNigeria: Federal government issues transition guidelines for Tax Acts 2025
Nigeria’s Federal Ministry of Finance announced, on 18 June 2026, that the federal government has issued the General Guidelines for the implementation of the Tax Acts 2025, setting out the process for the transition from the repealed tax laws to
See MoreNigeria: NRS announces the implementation of taxpayer identification (Tax ID)
The Nigeria Revenue Service (NRS), in collaboration with the Joint Revenue Board (JRB), in a press release on 18 May 2026, has notified the public of the implementation of the Taxpayer Identification (Tax ID), in line with Sections 6, 7 and 8 of the
See MoreNigeria: JRB releases Personal Income Tax Guidelines 2026
Nigeria's Joint Revenue Board (JRB) has released the Personal Income Tax Guidelines 2026 on 7 April 2026. The 2026 Personal Income Tax Guidelines established a comprehensive framework for tax compliance and administration. These regulations
See MoreNigeria: MoF introduces presumptive tax regulation framework
Nigeria’s Ministry of Finance have introduced the Presumptive Tax Regulations framework on 4 March 2026, marking a significant milestone in Nigeria’s tax reform journey. The Ministry described the framework as simple, clear and fair, with a
See MoreNigeria: NRS expands mandatory e-invoicing rollout to medium and emerging taxpayers
The Nigeria Revenue Service (NRS) has announced the continuation of the phased rollout of its E-Invoicing and Electronic Fiscal System (EFS), also known as the Merchant Buyer Solution (MBS), to Medium and Emerging Taxpayers. In a notice issued on
See MoreNigeria: NRS announces phased e-invoicing rollout
The Nigeria Revenue Service (NRS) has released a timeline for the phased implementation of its Electronic Invoicing and Electronic Fiscal System (EFS), also known as the Merchant Buyer Solution (MBS). The initiative is part of efforts to modernise
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