Background
President Bola Ahmed Tinubu signed the four highly anticipated tax reform bills into law, namely, the Nigeria Tax Act, 2025 (the “NTA”), the Nigeria Tax Administration Act, the Nigeria Revenue Service Act, and the Joint Revenue Board Act (collectively the “Acts”) on Thursday 26 June 2025. The primary objective of the Acts is tailored towards consolidating and modernising the national tax system.
Despite several welcome developments to the country’s tax system through the Financial Acts enacted by the National Assembly between 2019 and 2023, there were still various issues plaguing the effective implementation and administration of tax laws in Nigeria. One of such issues was the proliferation of tax laws legislations relating to connected subject matters, which effectively resulted in uncertainty about tax obligations and inefficiency in tax administration.
