TAX REFORMS STRENGTHEN ECONOMIC COMPETITIVENESS: WHAT YOU NEED TO KNOW ABOUT NIGERIA'S TAX ADMINISTRATION ACT THAT GOES INTO FORCE IN JANUARY 2026. (PHOTO). #PRESS RELEASE
Tax Reforms Strengthen Economic Competitiveness: What you need to know about Nigeria's Tax Administration Act that goes into force in January 2026. Dr Tope Fasua In recent weeks, a wave of commentary has suggested that Nigeria’s new tax regime may scare away investors, trigger capital flight, or damage business competitiveness. These concerns, although understandable in an environment where fiscal reforms attract intense public scrutiny, are largely misplaced. The 2025 tax reforms, anchored by the new Nigeria Tax Act (NTA) and Nigeria Tax Administration Act (NTAA), represent one of Nigeria’s most pro-investment, pro-market, and modernising tax policy updates in decades. Far from undermining growth and competitiveness, the reforms simplify the tax landscape, align Nigeria with global best practices, reduce compliance burdens, and protect both businesses and individuals from outdated rules. More importantly, the reforms are fundamentally progressive, in line with Mr President'...
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